Les Jeunes Femmes And Ligueye Group
Bamby is shown in the photo with her hand raised. Her main business is the marketing of fabrics, and she is requesting this loan to purchase fabrics that she will resell at the market. She has five years of experience in this business. Bamby starts her work day at 10 am to finish at 6 pm, with a break between 1 and 4 pm. Aside from her daily necessities, Bamby has no special expenses. In the future, and with the help of the institution, Bamby wants to develop her commerce and increase her revenues so that she can start setting money aside for savings.
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
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