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Boubacar
This borrower is a grocer who has a shop at the city's entrance. He is married and his business enables him to support his family. He also covers the rent and the bills for water and electricity. He has succeeded in acquiring a second store inside the city.

He has already had two loans with the micro-finance institution IMCEC in the amount of 300,000 francs and 400,000 francs respectively. In order to bolster his business fund, he is requesting a third loan of 500,000 francs to buy 50 sacks of rice, 4 casks of oil, and a variety of goods. His ambition is to open a large grocery store along the nation's main road.
View original language description ↓
L’emprunteur est un commerçant de produits alimentaires qui tient une boutique à l’entrée de la ville. Il est marié et son activité lui permet de prendre en charge les besoins de sa famille.Il supporte aussi des charges locatives et de paiement de factures d’eau et d’électricité.Il a réussi à acquérir une deuxième boutique à l’intérieur de la ville.Il a déjà obtenu deux prêts de l’IMCEC de 300000F et de 400 000F respectivement.Afin de renforcer son stock son fonds de commerce, il sollicite un troisième prêt de 500 000F pour acheter 50 sacs de riz, 4 futs d’huile et des produits divers. Son ambition est d’ouvrir une grande alimentation au bord de la route nationale.

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
  • 20
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 457.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Boubacar to buy 50 sacks of of rice, 4 casks of oil, and various products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012