Ms. Anta came to see IMCEC for help with investing in an adjacent place her relatives let her have. With this loan, she's going to buy cement, paint, tables, and chairs, and the rest will be for augmenting her working capital. This working capital is the money she will use to buy rice, fish, flour, meat... to make meals. Her children eat at the restaurant. Each day, she earns over 2,000 francs CFA that she deposits into a bank. She will then have 60,000 francs at the end of the month, which will enable her to honor her 40,250 francs loan payments and to keep 18,750 francs in savings.
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.
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