Check out some available loans that are similar to this one!
Sope Khal Ndiol Maure Group
In this Group: Moulahite, Bintou , Amty , Mouhana , Bintou , Toutou Ammi, Seynabou , Bkhaw, Aïda Bodiel , Aminata
SOPE KHAL NDIOL MAURE is a group made up of 10 women who all live in the same village and who are in the same business. The president’s name is Moulahite, who is raising her hand in the photo. She is a married mother and is 66 years old. She has been making progress in truck farming and has 8 years of experience in it. She seeks this amount to buy grains and resources to grow onions, eggplant, and cabbage. She helps her husband in managing daily expenses and to pay for schooling for her children. She starts her day at 9am and finishes at 7pm. She wants to diversify her business and cultivate other land with the help of the institution. She would like to augment her earnings and save month and invest more.
View original language description ↓
SOPE KHAL NDIOL MAURE est un groupement de promotion féminin qui est composé de 10 femmes qui habitent toutes dans le même village et qui font la même activité. La présidente s’appelle Moulahite, c’est elle qui a levé la main sur la photo. Elle est mariée et mère de famille et est âgée de 66ans. Elle évolue dans le maraichage et a une expérience de plus de 8ans dans cette activité. Elle demande ce montant pour acheter des semences et intrants pour la culture des oignons, aubergine et choux. Elle aide son mari dans la gestion des dépenses quotidiennes et les frais de scolarité de ses enfants. Elle commence sa journée à 9h pour la terminer à 19h. Elle veut diversifier ses activités et cultiver d’autres surfaces et cela avec l’aide de l’institution. Elle voudrait augmenter ses revenus et épargner de l’argent à coter et investir encore plus.

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
  • 34
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 475.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Sope Khal Ndiol Maure Group's $2,125 loan helped a member to buy grains and resources for truck farming.
92% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 21, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2015