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Djiguene Bakhna 90 Group
In this Group: Aïssata , Sokhna , Moussa Samba , Ndèye Yacine , Yacine
The Djiguène Bakhna 90 group is comprised of five people who live in the same area and share the same economic interest network.

The president, Aissata, is a promoter who has been in business for over 10 years. She has her hand raised in the photo. She is asking for a loan for 100,000 FCFA to buy fruits and vegetables for resale. She starts her workday at 7 am and ends it at 8 pm.

Like the other women in the network, with the help of the institution, she would like to grow her business and improve her dietary conditions.
View original language description ↓
Le groupement Djiguène Bakhna 90 est composé de 5 personnes qui habitent dans le meme quartier et qui partagent le même réseau de groupement d’intérêt économique. La présidente Aissata est une promotrice qui évolue dans la commerce depuis plus de 10ans. C’est elle qui a levé l main sur la photo. Elle demande ce crédit d’un montant de 100.000F pour acheter des fruits et légumes destinées à la vente. Elle commence sa journée à 7h pour la terminer à 20h. Comme toutes les femmes du réseau, elle souhaite avec l’aide l’institution agrandir son activité et améliorer les conditions alimentaires.

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
  • 23
    View loans »
    Senegal Loans Fundraising
  • $12,851,075
    Funds lent in using Kiva
  • 471.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Djiguene Bakhna 90 Group's $1,075 loan helped a member buy and sell fruits, vegetables, and fishing items.
98% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2014
Listed
Mar 17, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014