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Seyni
Facing the national road, the small room set up as a tailor's shop for this borrower is becoming more and more cramped. Having started with a single machine, he currently has three of them. He is married and has eight children, who all attend school. This borrower has been working in this trade for nearly 24 years. He is attended by two apprentices whom he taught how to sew. Concurrently with his trade, he works in agriculture and livestock farming during the winter. The revenues derived from these businesses enable him to take care of his family.

He has already had six loans with the IMCEC and has repaid them. He is requesting another loan of 200,000 francs for buying a cornière sewing machine, so as to diversify his products. His ambition is to open a large sewing store and to boost his supplies further.
View original language description ↓
Implantée en face de la route nationale, la petite pièce qui sert d’atelier de couture à l’emprunteur devient de plus en plus étroite. Ayant démarré avec une seule machine, ce dernier en dispose actuellement de trois. Il est marié et a huit enfants qui fréquentent tous l’école. L’emprunteur exerce sa profession depuis prés de 24 ans. Il est assisté de deux apprentis à qui il apprend le métier. Parallèlement à son travail, il pratique durant l’hivernage l’agriculture et l’élevage. Les revenus tirés de ces activités lui permettent de s’occuper de sa famille. Il a déjà obtenu et rembourse six prêts à l’IMCEC et sollicite un autre prêt de 200000F destiné à l’achat d’une machine à coudre cornière pour la diversification des ses produits. Son ambition est d’ouvrir un grand magasin de couture et de mieux renforcer son équipement.

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
  • 18
    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 $450 helped Seyni to buy a sewing machine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 20, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012