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

Status Update - January 30, 2019

After 10 years and $3.6 million lent on Kiva, UIMCEC is no longer raising funds for microloans on Kiva for internal administrative reasons. Kiva thanks UIMCEC for their partnership and wishes them the best in their work in Senegal.

Partner Description:

The Union of Mutualist Institutions of Savings and Credit (UIMCEC), a partner of ChildFund International, 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 $3,564,100 $1,341,238,825
Amount of raised Inactive loans $0 $1,089,525
Number of raised Inactive loans 0 1,363
Amount of Paying Back Loans $0 $147,099,100
Number of Paying Back Loans 0 194,261
Amount of Ended Loans $3,564,100 $1,193,050,200
Number of Ended Loans 5,466 1,537,303
Delinquency Rate 0.00% 11.01%
Amount in Arrears $0 $10,136,170
Outstanding Portfolio $0 $92,082,131
Number of Loans Delinquent 0 58,358
Default Rate 0.76% 1.74%
Amount of Ended Loans Defaulted $26,930 $20,745,122
Number of Ended Loans Defaulted 79 50,803
Currency Exchange Loss Rate 0.60% 0.39%
Amount of Currency Exchange Loss $21,557 $5,195,382
Refund Rate 1.04% 0.59%
Amount of Refunded Loans $37,075 $7,901,425
Number of Refunded Loans 56 7,805

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 59.88% 76.42%
Average Loan Size $348 $394
Average Individual Loan Size $508 $609
Average Group Loan Size $1,369 $1,762
Average number of borrowers per group 6.2 7.7
Average GDP per capita (PPP) in local country $2,300 $5,773
Average Loan Size / GDP per capita (PPP) 15.12% 6.82%
Average Time to Fund a Loan 7.3 days 7.13 days
Average Dollars Raised Per Day Per Loan $47.65 $55.26
  Average Loan Term 11.5 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 604 796,191
  Journaling Rate 10.68% 43.16%
  Average Number of Comments Per Journal 0.04 0.03
  Average Number of Recommendations Per Journal 0.58 0.80

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 23.00% PY 25.13% PY
  Profitability (return on assets) -4.6% -0.1% -1.40%
  Average Loan Size (% of per capita income) 79.10% 46.00% 12.92%

Country Fast Facts

Field Partner Staff

Sina Aidara
Albertine Babock
Albertine BABOCK
Fansou Badji
Momo Bangoura
Abdalahi Camara
Lamine Dia
Penda Diallo
El Hadj Moussa Diao
Gana Diop
yacine diop
Abdou Faye
Woly Faye
Abby Gray
Mor Khoule
Aloise Aly Ndiaye
birame ndiaye
Salamba Ndoye
Marie Héléne K Ngom
Seckou Sané
Ousmane Thiongane