Gie Madar Group
The group's members underwent training on how to make this product, and decided to get together and establish a GIE ("groupe d'intérêt économique, i.e. economic interest group).
They make soap and sell it in order to have funds that could be used to diversify the group's activities.
The group is run by Mrs. Ndèye Codou. She's the women in the center in the photograph. Know for her energy in spite of her height, her motto is : always go forward. She coordinates all the group's activities.
She's married and the mother of a family, and she's very much involved in running the household : she takes care of the children's education, and provides for their daily needs.
She wishes to take the group to a higher level, with more sophisticated tools, a positive reputation, and a regular market to move inventory.
Le groupe est dirigé par la dame Ndèye Codou, qui apparait sur la photo comme étant au milieu. Connue pour son dynamisme, malgré sa taille, sa devise d’aller toujours de l’avant. Elle coordonne toutes les activités du GIE. Elle est mariée et mère de famille très participative à la gestion de son foyer : elle s’occupe de la scolarisation de ses enfants et des besoins quotidiens de ces derniers.
Elle désire amener le GIE à un niveau élevé avec un outillage plus sophistiqués, une renommée positive et un marché régulier pour l’écoulement du produit.
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 UIMCECThis 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.
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