Baye Niasse Group
Mrs. Houley, the woman raising her hand in the photograph, is the group's president. She has 20 years of experience. She's seeking this loan to buy and sell vegetables, tea, and sugar.
She's 59 years old, married, and the mother of a family. She helps her husband cover the daily expenses of the family. She starts her day at 9 a.m. and finishes it at 6 p.m.
In the future, she would like to strengthen her business and increase her income, thanks to the loans from the MFI. She also intends to put money away.
More information about this loan
To reach borrowers who would not normally qualify for loans, UIMCEC has developed partnerships with a number of local organizations created by the poor to promote savings and mutual support. Most members of these organizations take group loans from UIMCEC. Some group members have larger businesses requiring more capital, and therefore receive individual loans. To meet their needs, UIMCEC is offering this loan at a lower interest rate with no material guarantee requirement. By supporting this loan, you are helping poor borrowers access credit at lower interest rates.
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
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Success!! The loan was 100% repaid