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Kory
This borrower is an established merchant at the central market in his town where he runs a shop selling grocery items and typical consumables. He is married and the father of one child. With his business, he covers the cost of food, health care, clothing, and electrical use for his family. His shop, located in the heart of the market, enables him to attract more and more customers and to make substantial profits.

To satisfy the ever-increasing demand, he is requesting a loan of 500,000 francs to increase his stock of merchandise. Thus, he intends to buy 20 sacks of rice, 5 barrels of oil, 50 cases of sugar, 30 cases of milk, 10 sacks of animal feed, and various products.

The profits generated by the sale of these goods will serve to support his small family. His ambition is to open a store for selling grocery items.
View original language description ↓
L'emprunteur est un commerçant établi dans le marché central de sa localité ou il gère une boutique de vente de produits alimentaires et de consommation courante.Il est marié et père d'un enfant.Il s'occupe avec son commerce des dépenses d'alimentation, de santé, d'habillement, de consommation d'électricité de sa famille. La position de sa boutique, située au cœur du marché lui a permis d'attirer de plus en plus de clientèle et de faire des bénéfices consistants.Pour satisfaire la demande qui ne cesse d'augmenter, il sollicite un crédit de 500 000F afin d'augmenter son stock de marchandises.Ainsi, il compte acheter 20 sacs de riz, 05 barils d'huile, 50 caisses d sucre, 30 caisses de lait, 10 sacs d'aliment bétail et des produits divers. Les bénéfices générés par la vente de ces produits lui serviront à la prise en charge de sa petite famille. Il ambitionne d'ouvrir un magasin de vente de produits alimentaires .

Additional Information

About UIMCEC

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.

About Senegal

  • $1,759
    Average annual income
  • 37
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 452.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Kory to buy 20 sacks of rice, f barrels of oil, 50 cases of sugar, 30 cases of milk, 10 sacks of of animal feed, and various goods.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2011
Listed
Jul 27, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012