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 $2,960,625 $572,734,750
Amount of raised Inactive loans $425 $309,625
Number of raised Inactive loans 1 297
Amount of Paying Back Loans $442,975 $117,225,675
Number of Paying Back Loans 579 123,043
Amount of Ended Loans $2,517,225 $455,199,450
Number of Ended Loans 4,103 579,866
Delinquency Rate 5.44% 3.64%
Amount in Arrears $15,288 $2,779,164
Outstanding Portfolio $280,881 $76,342,031
Number of loanDelinquent 97 11,617
Default Rate 0.87% 1.08%
Amount of Ended Loans Defaulted $21,893 $4,922,248
Amount of Ended Loans $2,517,225 $455,199,450
Number of Ended Loans Defaulted 59 15,204
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $405,498
Refund Rate 1.14% 0.78%
Amount of Refunded Loans $33,775 $4,475,600
Number of Refunded Loans 54 5,003

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 57.70% 74.23%
Average Loan Size $379 $418
Average Individual Loan Size $512 $657
Average Group Loan Size $1,426 $1,823
Average number of borrowers per group 6.1 8
Average GDP per capita (PPP) in local country $1,759 $3,443
Average Loan Size / GDP per capita (PPP) 21.56% 12.15%
Average Time to Fund a Loan 6.03 days 5.49 days
Average Dollars Raised Per Day Per Loan $62.93 $76.15
  Average Loan Term 11.36 months 10.23 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 573 285,900
  Journaling Rate 13.34% 42.45%
  Average Number of Comments Per Journal 0.03 0.08
  Average Number of Recommendations Per Journal 0.61 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 21.00% 23.00% 33.65%
  Profitability (return on assets) 1.2% -0.1% -1.29%
  Average Loan Size (% of per capita income) 79.10% 46.00% 41.84%

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