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Les Jeunes Femmes And Ligueye Group
In this Group: Bamby, Aïssata , Anta , Ndeye Khady , Khady , Fatou , Madeleine , Arame , Ndohdi
Les Jeunes Femmes And Ligueye Group is made up of nine women who live in the same district and who meet together whenever necessary. They have small businesses such as the marketing of fabrics, catering, juice sales, etc. Their president, Bamby, is a very brave woman. She is 43 years old, married, and the mother of five children. Her oldest is 16 years old and her youngest is seven years old.

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.
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Les jeunes femmes and ligueye est composé de 9personnes qui vivent dans le même quartier et se réunissent à chaque fois de besoin. Elles ont comme activités la commercialisation de tissus, restauration, vente de jus etc……… Elles ont comme présidente Madame Bamby qui est une femme très brave, âgée de 43ans elle est mariée et mère de 5 enfants dont le plus grand a 16ans et le plus petit 7ans. On la reconnait sur la photo par la main levée. Son activité principale est la commercialisation des tissus et elle sollicite ce montant pour acheter des tissus et les revendre au marché. Elle a une expérience de 5ans dans cette activité. Elle commence sa journée à 10h pour la terminer à 18h avec une pause entre 13h et 16h. A part ces besoins personnels, Bamby n’a pas de charges particulières. A l’avenir elle souhaite avec l’aide de l’institution développer son commerce et augmenter ses revenus afin de pouvoir épargner de l’argent à coté.

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
  • 18
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 473.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A portion of Les Jeunes Femmes And Ligueye Group's $1,925 loan helped a member to purchase fabrics for resale to her clientele.
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 14, 2014
Currency Exchange Loss:
Possible
Expired:
May 14, 2014