Groupement Des Femmes De Aynoumane
Translated from French by Jonah Durning-Hammond, Kiva Volunteer.
Elles font parti du grand groupement des Lingueres de Mbour. Elles ont une bonne expérience avec l’IMCEC (deux ans). Elles achètent des légumes, du poisson, de l’huile et de la piperie qu’elles revendent dans leurs quartiers situés à la périphérie de la commune de Mbour. Elles sont des mères de familles très dynamiques et travailleuses. Elles vont investir le crédit dans le renforcement de leur fonds de roulement et ainsi, améliorer le niveau de les stocks et la diversité de leurs produits
About UIMCECThis loan is administered by UIMCEC, a Kiva Field Partner in Senegal since 2008. UIMCEC is a government-regulated microfinance institution whose mission is to improve the revenue and well-being of families through access to financial services, allowing principally women and young adult micro-entrepreneurs living in rural and semi-rural areas to develop their revenue-generating businesses and supporting them in becoming financially self-sufficient.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid