Mr. Babacar L. is a 43-year-old retailer who for 10 years has purchased and sold cement and iron for construction. He has been a member of the credit union in Bambilor since December 2009. He has already received a previous loan.
Mr. L. first started his activity in farming before launching himself in the sales of cement and iron. Through this activity he manages to provide for his immediate needs such as rent and food.
He is requesting a loan of 500,000 Francs planned for the purchase of 7 tons of cement intended for resale. According to him, this loan will allow him to have some stability in his work and he will be better able to take care of his expenses.
Monsieur Babacar L. est un commerçant de 43 ans qui évolue dans l’achat et la vente de ciment et de fer de construction depuis 10 ans aujourd’hui. Il est membre de la caisse de Bambilor depuis décembre 2009. Il a déjà bénéficié d’un prêt antérieur. Monsieur L. a d’abord démarré ses activités par l’agriculture avant de se lancer dans le commerce de ciment et de fer. Par ce biais il parvient à satisfaire ses besoins immédiats tels que la location, la nourriture. Il sollicite un crédit de 500 000 frs prévu pour l’achat de 7 tonnes de ciment destine a la vente. D’après lui le prêt lui permettra d’avoir une certaine stabilité dans son travail et de mieux se prendre en charge.
This 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.