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Bokk Jom Santhié Group
In this Group: Michelle, Sagar
The loan group Bokk Jom Santhie is made up of 2 women who have been active in business for years. The president, the lady Michelle, is an office regular because of her loans, but also because of her participation in the internal cooperative. Madame Michelle got started in the cosmetic products business, but also in sewing. She has owned a stand at the district market for more than three years and works from 8:30 a.m. to 7 p.m. or even until 8 p.m. sometimes. With the loan, she is going to buy cosmetic products to put in her stand and resell. Her participation consists of settling the needs of her children: any needs they have, she tries to meet. Michelle dreams of acquiring her own house and developing her business.
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Le groupe de crédit Bokk Jom Santhie est constitué de 2 femmes qui s’activent dans le commerce depuis des années. La présidente, la dame Michelle, est un habitué du guichet de par ses crédits, mais aussi par sa participation à l’organisation interne de la mutuelle. Madame Michelle s’active dans le commerce de produits cosmétiques, mais aussi dans la couture. Elle possède une cantine au marché du quartier depuis plus de trois ans et travaille de 8h30mn à 19h ou même jusqu’à 20h dès fois. Avec le crédit, va acheter des produits cosmétiques pour mettre dans sa cantine et revendre. Sa participation consiste à régler les besoins de ses enfants : tout ce dont ils ont besoin, elle essaie de les satisfaire.
Michelle rêve d’acquérir sa propre maison et de développer son activité.




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.

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About Senegal

  • $2,300
    Average annual income
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,894,575
    Funds lent in using Kiva
  • 477.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Bokk Jom Santhié Group's $1,275 loan helped a member to purchase cosmetic products to resell.
97% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015