A loan of $4,750 helped a member bolstering business capital.

Apec Al Ouma Gueume Sa Bopp 2 Group's story

Gueme sa Bopp 2 is a group belonging to the branch APEC Al Ouma Gueueme Sa Bopp in the village of Yoff. This is a mixed group of 21 individuals living near each other. They are represented by Mrs. Sokhna D., who is the Vice-President. Mrs. D. has been working for over 30 years selling fabrics, shoes, palm oil and miscellaneous items. She also prepares food for sale. She has chosen this work because she was attracted to it but also in the desire to earn an income allowing her to provide for her personal needs. She is seeking a loan of 2,250,000 West African Francs for her group. This loan is destined for purchasing various goods to increase the members’ stock. The main objective of the group members is to increase their income and to improve the socioeconomic conditions of their respective families.

About this loan:
Al Ouma is a Senegalese nonprofit whose full name is The Association for Koranic Education and Teaching.

Originally founded to work with at-risk children, especially talibés (young boys from poor families who beg in Senegalese metropolitan areas), Al Ouma has evolved its mission to work with adults as well as children. They currently have over 10,000 members, and are actively engaged in supporting the economic development of their members in the hopes of improving their quality of life, and that of their at-risk children.

Al Ouma's members are currently organized into smaller associations which meet each week to contribute to a group fund that helps finance small loans for members. Members typically put in $2 USD per week. Because UIMCEC and Al Ouma both share the mission of fighting poverty through economic empowerment, they have formed a partnership to provide loans to Al Ouma associations at a lower interest rate than UIMCEC usually offers its clients.

In this group: Khardiatou, Oumy, Bouba, Arrete, Hadia, Soukeye, Safiatou, Fatou, Louty, Sokhna, Thiaba, Ndeye Sokhna, Fatou Niang, Racky, Nogaye, Yacine, Halimatou, Salamata Abou, Fatou, Cheikh, Maguette

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Translated from French by Kiva volunteer Katharina S

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