Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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 $3,328,025 $752,010,600
Amount of raised Inactive loans $0 $640,900
Number of raised Inactive loans 0 1,422
Amount of Paying Back Loans $258,075 $132,047,775
Number of Paying Back Loans 347 154,078
Amount of Ended Loans $3,069,950 $619,321,925
Number of Ended Loans 4,812 767,649
Delinquency Rate 6.60% 8.08%
Amount in Arrears $9,914 $6,898,418
Outstanding Portfolio $150,267 $85,391,976
Number of Loans Delinquent 273 23,018
Default Rate 0.84% 1.26%
Amount of Ended Loans Defaulted $25,790 $7,793,859
Amount of Ended Loans $3,069,950 $619,321,925
Number of Ended Loans Defaulted 73 21,129
Currency Exchange Loss Rate 0.59% 0.33%
Amount of Currency Exchange Loss $19,755 $2,478,516
Refund Rate 1.11% 0.66%
Amount of Refunded Loans $37,075 $4,973,325
Number of Refunded Loans 56 5,474

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 58.62% 74.49%
Average Loan Size $376 $416
Average Individual Loan Size $512 $649
Average Group Loan Size $1,422 $1,847
Average number of borrowers per group 5.9 7.9
Average GDP per capita (PPP) in local country $2,300 $5,949
Average Loan Size / GDP per capita (PPP) 16.36% 6.99%
Average Time to Fund a Loan 6.93 days 6.63 days
Average Dollars Raised Per Day Per Loan $54.32 $62.63
  Average Loan Term 11.55 months 10.84 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 574 370,945
  Journaling Rate 11.73% 41.20%
  Average Number of Comments Per Journal 0.03 0.06
  Average Number of Recommendations Per Journal 0.61 1.49

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 21% PY 23.00% PY 30.98% PY
  Profitability (return on assets) -1.09% -0.1% -1.56%
  Average Loan Size (% of per capita income) 79.10% 46.00% 19.24%

Country Fast Facts

Field Partner Staff

Sina Aidara
Albertine Babock
Momo Bangoura
Lamine Dia
Penda Diallo
El Hadj 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
Ousmane Thiongane