Check out other loans that are currently fundraising!
Rainabe I Group
In this Group: Ourèye , Awa, Sala, Aminata , Rouguiatou, Khardiata, Marième , Diary, Penda , Aïssatou
RAINABE 1 is a women's group comprising ten members. All members of the group live in the same neighborhood and they get together whenever they need to. Oureye is the group's president. She is married and the mother of a family. She sells staple goods such as sugar, milk, soap, oil and rice. In the photo, she is the woman in the foreground. She works from 9AM until 4PM and she helps her husband to cover the daily expenses and the children's school fees. She needs this loan to buy and sell basic food products. In the future, she would like to become independent and have a monopoly on the market. Her goal is to increase her income and save some money.
View original language description ↓
RAINABE 1 est un groupement de promotion féminin qui est composé de 10 personnes. Elles habitent toutes dans le même quartier et se réunissent à chaque fois que le besoin se présente. Oureye est leur présidente, elle est mariée et mère de famille. Elle évolue dans la commercialisation des denrées alimentaires comme le sucre, le lait, les savons, l’huile, le riz. C’est elle qui est au gros plan devant sur la photo. Elle commence sa journée à 9h pour la terminer à 16 et aide son mari dans la gestion des dépenses quotidiennes et les frais de scolarité de ses enfants. Elle a besoin de ce montant pour acheter et vendre les denrées alimentaires. A l’avenir, elle voudrait devenir autonome et gagner le monopole du marché. Ainsi elle pourra gagner plus d’argent et épargner.

Additional Information

More information about this loan

To reach women 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. Previously, UIMCEC was unable to serve these borrowers because they could not provide a guarantee or afford to pay standard interest rates. 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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,041,875
    Funds lent in using Kiva
  • 482.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A portion of Rainabe I Group's $1,050 loan helped a member to buy staple goods such as sugar, milk, coffee, soap and oil, for resale.
42% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 12, 2014
Listed
Jun 9, 2014
Currency Exchange Loss:
Possible