Last updated October 26, 2013

Partner Description:

The Union of Mutualist Institutions of Savings and Credit (UIMCEC) is a federation of four licensed microfinance institutions based in Dakar, Mbour, Thiès and Ziguinchor with over 40 service points serving most of Senegal’s administrative regions, including many rural areas.

UIMCEC’s mission is to improve the income and well-being of families by providing access to well-designed financial services allowing for the development of income-generatiing activities, principally for young microentrepreneurs living in rural and periurban areas.

UIMCEC’s vision is to become a large, mature institution offering a wide variety of well-designed products and services that positively impact its members, staff and communities served, while working toward its own financial automomy. As a member-owned institution, UIMCEC aims to favor collaboration and cooperation between members.

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Management and Governance Structure:

UIMCEC has a Board of Directors in each of the four regions its serves and a national Board of Directors with elected representation from each region board. In addition to the Board of Directors, UIMCEC also has an elected Credit Committee and Internal-Control Committee in each region.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 8, 2008 Oct 12, 2005
Total Loans $3,011,850 $587,357,225
Amount of raised Inactive loans $0 $588,950
Number of raised Inactive loans 0 506
Amount of Paying Back Loans $443,250 $120,516,975
Number of Paying Back Loans 568 127,444
Amount of Ended Loans $2,568,600 $466,251,300
Number of Ended Loans 4,181 592,934
Delinquency Rate 7.42% 4.77%
Amount in Arrears $22,040 $3,778,832
Outstanding Portfolio $297,075 $79,211,559
Number of loanDelinquent 318 20,687
Default Rate 0.88% 1.14%
Amount of Ended Loans Defaulted $22,489 $5,336,912
Amount of Ended Loans $2,568,600 $466,251,300
Number of Ended Loans Defaulted 62 16,802
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $480,684
Refund Rate 1.12% 0.77%
Amount of Refunded Loans $33,775 $4,496,750
Number of Refunded Loans 54 5,041

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.03% 74.16%
Average Loan Size $381 $418
Average Individual Loan Size $514 $656
Average Group Loan Size $1,417 $1,829
Average number of borrowers per group 6 8
Average GDP per capita (PPP) in local country $1,759 $3,432
Average Loan Size / GDP per capita (PPP) 21.65% 12.19%
Average Time to Fund a Loan 6.27 days 5.58 days
Average Dollars Raised Per Day Per Loan $60.78 $74.97
  Average Loan Term 11.38 months 10.32 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 573 293,430
  Journaling Rate 13.16% 42.43%
  Average Number of Comments Per Journal 0.03 0.08
  Average Number of Recommendations Per Journal 0.61 1.89

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 23.00% PY 33.64% PY
  Profitability (return on assets) 1.2% -0.1% -1.40%
  Average Loan Size (% of per capita income) 79.10% 46.00% 41.35%

Country Fast Facts

Field Partner Staff

Sina Aidara
Albertine Babock
Momo Bangoura
Lamine Dia
Penda Diallo
Moussa Diao
Gana Diop
Yacine Diop
Abdou Faye
Woly Faye
Dieyi Gaye
Malamine Gomes
Mouhamadou Kande
Mor Khoule
Bassirou Mansaly
birame ndiaye
Helene Ndong
Salamba Ndoye
Marie Héléne K Ngom
Abdou Sakho
Seckou Sané
Cheikh A K Seck
Matar Sonko
Bakary Tamba
Ousmane Thiongane