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Babacar
This borrower is good and honest young man who has come a long way. He started off with a grocery business that he acquired on credit from suppliers and repaid after selling it. Not having gained enough, he is dedicating himself as an apprentice tailor to learn the trade. Ten years later, he set up his own business by borrowing 35,000 francs for a sewing machine and a table. He repaid the loan in only two months saving money little by little. He finally acquired five machines. Today, his business enables him to take care of his two parents, his brothers, and his four children.

To prepare for the coming religious holidays, he is requesting a loan of 100,000 francs from the micro-finance institution U-IMCEC to buy 10 rolls of poplin, 5 packets of thread, 6 packets of zippers, 15 packets of trim, 2 rolls of elastic, and a packet of fabric.

He has purchased a plot of land in his town and has the ambition of building a house on it.
View original language description ↓
L'emprunteur est un jeune très brave et qui vient de loin.Il a démarré par un commerce de produits alimentaires qu'il prenait à crédit auprès de fournisseurs et payait après avoir vendu.Ne parvenant pas à gagner assez, il s'engage comme apprenti tailleur pour apprendre le métier.Dix ans plus tard, il s'installe à son propre compte en prenant à crédit une machine à coudre et une table à 35 000F.Il solde le prêt en deux mois seulement et épargnant petit à petit, il finit par acquérir cinq machines.Aujourd'hui, son activité lui permet d'entretenir ses deux parents, son frères et ses 4 enfants.Pour préparer les prochaines fêtes religieuses, il sollicite auprès de l'UIMCEC un prêt de 100000F pour acheter 10 rouleaux de popeline, 5 paquets de fil,6 paquets de fermeture, 15 paquets de finition, 2 rouleaux d'élastique et 1 paquet de toile.Il a acheté un terrain dans sa localité et ambitionne d'y construire sa maison.

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
  • 38
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 452.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Babacar to buy 10 rolls of poplin, 5 packets of thread, 6 packets of zippers, 15 packets of trim, 2 rolls of elastic, and a packet of sheer fabric.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2011
Listed
Aug 29, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012