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Faty
Faty is 56 years old, married and lives in Senegal. She has been developing a retail business for the past 10 years and sells fabric and other miscellaneous products. She was quite young when she started out.

A member of one of the U-IMCEC branches since 2000, Faty is requesting a loan of 400,000 francs to buy fabric and other products so that she can expand her business. This loan will allow her to offer a diverse range of items and to meet her customers' demands as the Tabaski festival approaches. Increased profit will allow her to better meet her social expenses.
View original language description ↓
Madame Faty vit au Sénégal. Elle est mariée et âgée de 56 ans. Elle évolue dans le commerce depuis plus de 10 ans et vends des tissus et autres articles divers. C’est depuis le bas âge qu’elle a commencé a exercer le petit commerce. Elle est sociétaire de l’un des guichets de l’U-IMCEC depuis 2000. Elle sollicite un crédit de 400 000 frs prévu pour l’achat de tissus et autres articles divers en vue d’élargir son activité de commerce. Ce financement lui permettra de diversifier son offre de marchandises et répondre à la demande croissante de la clientèle de veille de fête de Tabaski. L’augmentation de ses bénéfices lui permettra de mieux subvenir à ses besoins sociaux.

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
  • 33
    View loans »
    Senegal Loans Fundraising
  • $12,997,975
    Funds lent in using Kiva
  • 473.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Faty to buy fabric and other merchandise for re-sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2011
Listed
Sep 16, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2012