Total loan: $2,450

Makarimal Akhlakh Gpe 44 Group

Flag of Senegal
, , Senegal / Retail

Makarimal Akhlakh Gpe 44 Group's loan finished fundraising,
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A loan helped To purchase foodstuffs to sell.

Makarimal Akhlakh Gpe 44 Group's story

Makarimal Akhlakh is an Economic Interest Group that was established in 2003. It currently brings together more than 3,000 members, largely women and men located in various regions of Senegal. The goal of this EIG is to allow its members to carry out agricultural and piscatorial production businesses, general import-export trade, transportation, manufacturing, handicrafts, construction, the raising of livestock, mining, fishing transport, the exploitation of hydrocarbons, art, culture, printing, carpentry services, public interest projects, representation, the processing of fishery products, farming, the sale of spare parts, ice-making, baking, and the delivery of services. The group is represented nationally by Mrs. Ramatoulaye, who signed a memorandum of understanding with UIMCEC as part of the financing of the group's members, which will allow them to acquire the material and financial means necessary to grow their businesses. Makarimal Akhlakh Gpe 44 Group is a sub-lending group of the EIG, made up of 10 women represented by Mareme (the lady with her hand raised in the photo). They live in the same area and are all advancing in the same business sector. Mareme is a married woman who has been working in trade for more than 30 years, selling fabric and other various goods. She also devotes herself to fashion. The profits her businesses provide allow her to contribute to the management of daily expenses at home, in support of her husband. She begins work at 8am every day and finishes at 4pm. Mareme is a member of a local branch of UIMCEC, where she is seeking a loan with the goal of increasing her working capital in order to better grow her business in trade. She wishes to purchase foodstuffs (potatoes, onions, and dried fish, which will be sold). Her aim is to increase her profits in order to better support her family, but [also] to save more money so that in the future she can acquire large shops for the sale of fabric.