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Narou Kadior Kahone Group
In this Group: Khodia, Awa, Ourèye, Sokhna, Fatou
This group is called Narou Kadior Kahone, and is composed of five women who all work in retail and dyeing. They have over five years' experience in this field, and have a regular customer base in the market. They buy fabric (jacquard or another kind) and dye products, and then start their work. Sometimes customers also bring pieces of clothing which they ask the women to dye in a different color from the item's original color.

The head of the group is called Khodia, and she is a married mother. She provides for her children's few needs, as well as supporting her husband with the daily household expenses. The group's members want to open a large production unit in their town - in other words, a dye workshop. This is why they have asked for financial support from a lender who is interested in this area.
View original language description ↓
Ce groupe nommé Narou Kadior Kahone est composé de cinq femmes qui s’activent dans le commerce et la teinture. Elles ont acquis une expérience de plus de 5 ans dans ce domaine et comptent une clientèle régulière dans le marché. Elles achètent le tissus, soit du basin, soit un autre, les produits de teinture et commence le travail. Il peut arriver aussi qu’un client amène un habit pour se le faire teindre dans une autre couleur que l’original.
Le groupe a comme responsable, la dame Khodia, qui est mariée et mère de famille. Elle gère les petits besoins de ses enfants et appui son époux dans la dépense quotidienne de la maison.
Elles souhaitent ouvrir une grande unité de production, voire une usine de teinture dans la localité. Elles sollicitent pour cela l’appui d’un bailleur de fond qui serait intéressé par ce domaine.

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.

About Senegal

  • $2,300
    Average annual income
  • 46
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 475.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Narou Kadior Kahone Group's $1,075 loan helped a member to buy fabric which she will dye and resell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 27, 2014