A loan of $5,750 helped a member to buy shoes and clothing for resale.

Makarimal Akhlakh Groupe 12's story

The Makarimal Akhlah economic interest group (EIG) was created on 10 October 2003 in Senegal. The term "Makarimal Akhlakh" means a person who has a good heart and good practices.

The EIG has reached 300 members since 2009. Its objective is to unite its members and allow them to exercise farming and fishing activities, general import and export trading activities, transport, industrial, artisanal, building, livestock farming, mining, fishing, hydrocarbon exploitation, art and cultural, printing, carpentry, public utility services, representation, processing of fishing and farming produce, sale of spare parts, ice-cream making, and bakery businesses, as well as the provision of other services. The EIG also aims to consolidate friendship and solidarity links between its members so that they can obtain the material and financial resources necessary to develop their income-generating activities and benefit from all the advantages relating to the EIG. Within this context a protocol agreement has been signed between the EIG and UIMCEC, to benefit the members of the EIG across the country. The first phase has been applied to a sample of 120 active members, divided into 12 groups of 10.

Makarimal Akhlakh Group 12 is a mixed sub-group with ten members, who all belong to the Makarimal Akhlah EIG and carry out their daily profit-making businesses in the same market. They are represented by Babacar, a single man who has worked in retail for seven years selling clothing and shoes. He is a member of UIMCEC, and has requested a loan to increase his working capital so that he can diversify the products he sells, as well as to develop and expand his retail business. An increase in his profits will allow Babacar to financially support his parents and save money so that, in the future, he can realize his dream of becoming a large retailer in the import-export field.

In this group: Babacar, Ibra, Diary, Ibrahima, Fatou, Mady, Sokhna Gueye, Nene Ousmane, Ndeye Bigue, Mariama

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Translated from French by Kiva volunteer Paul Lambert

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