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Ya Salam Group
In this Group: Awa , Coumba , Maïmouna , Niania , Khady
Ya Salam is a group of five members who all live in the same neighbourhood and come together whenever they need to.

Their president is Awa, seen in the photo with her hand raised. She is married and has children.

Awa sells basic foodstuffs such as rice, sugar, oil, soap, milk powder, breakfast products, etc. She is not financially responsible for anyone but herself. Awa has requested this loan in order to buy these products for resale to her customers. She has four years' experience in her business and works from 9am to 7pm. Awa would like to strengthen and diversify her business.

In the future, she would like to use loans from the field partner to open her own shop to attract more customers, and increase her earnings.
View original language description ↓
YA SALAM est un groupement composé de 5 membres qui vivent tous dans le même quartier et se réunissent a chaque foi de besoin. Leur présidente s’appelle AWA, elle est mariée et mère de famille. On le reconnait sur la photo par la main levée. Elle évolue dans la commercialisation des denrées de 1er nécessité comme le riz, le sucre, l’huile, le savon, lait en poudre, petit déjeuner etc.………………Elle n’a aucunes charges a part ses besoins personnelles. Elle demande ce montant pour acheter ces produits et les revend à ses clients. Elle a une expérience de 4ans dans cette activité. Elle commence sa journée à 9h pour la finir à 19h. Elle voudra renforcer et diversifier son activité et grâce aux crédits de l’institution ouvrir une boutique pour gagner d’avantage de client et augmenter ses revenus.

Additional Information

More information about this loan

To reach borrowers who would not normally qualify for loans, UIMCEC has developed partnerships with a number of local organizations created by the poor to promote savings and mutual support. Most members of these organizations take group loans from UIMCEC. Some group members have larger businesses requiring more capital, and therefore receive individual loans. To meet their needs, UIMCEC is offering this loan at a lower interest rate with no material guarantee requirement. By supporting this loan, you are helping poor borrowers access credit at  lower interest rates.

About UIMCEC

This loan is administered by UIMCEC, a Kiva Field Partner in Senegal since 2008. UIMCEC is a government-regulated microfinance institution whose mission is to improve the revenue and well-being of families through access to financial services, allowing principally women and young adult micro-entrepreneurs living in rural and semi-rural areas to develop their revenue-generating businesses and supporting them in becoming financially self-sufficient.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Senegal

  • $1,759
    Average annual income
  • 11
    View loans »
    Senegal Loans Fundraising
  • $12,847,250
    Funds lent in using Kiva
  • 478.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ya Salam Group's $1,475 loan helped a member to buy basic foodstuffs such as rice, sugar, oil, milk and soap for resale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 11, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014