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Bamar
Mr. Bamar is a 40-something year old man who has been working for 24 years in the domain of woodworking. He is married and the father of two children, who are 3 and 13 years old. In addition, he has a business selling mobile phones. After having dropped out of school, he chose this work in woodworking upon his parents' recommendation. He really likes to design beautiful furniture that he manages to sell easily. Another thing he likes a lot is making money, which his business brings in.

Mr. Bamar has been a member of a U-IMCEC branch since September 2008 and has already benefited from two previous loans with this institution. He is requesting a loan of 350,000 francs for financing a trip to a country bordering Senegal where he intends to buy mobile phones to resell to his customers. Increasing his profits will enable him to make some furniture, which he displays for sale.

His main goal is to develop his businesses to improve his family's living conditions.
View original language description ↓
Monsieur Bamar est un homme d’une quarantaine d’année qui évolue depuis plus de 24 ans dans le domaine de la menuiserie. Il est marié et père de 2 enfants dont l’âge varie entre 3 et 13 ans . En plus il pratique le commerce d’appareils portables. Après avoir abandonné ses études, il a choisi l’activité de menuisier sur recommandation de ses parents. Il aime bien concevoir de jolis meubles qu’il parvient à écouler facilement. Autre chose qui l’intéresse beaucoup c’est la réalisation de profits que lui procure son activité. Il est membre d’un des guichets de l’U-IMCEC depuis septembre 2008 et a déjà bénéficié de 2 crédits antérieurs dans l’institution. Il sollicite un prêt de 350 000 frs prévu pour financer un voyage vers un des pays limitrophes du Sénégal ou il compte acheter des portables pour revenir les vendre a sa clientèle. L’augmentation de ses bénéfices lui permet de fabriquer quelques meubles qu’il expose a la vente. Son objectif principal est développer ses activités pour améliorer la condition de vie sociale de sa famille.

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
  • 9
    View loans »
    Senegal Loans Fundraising
  • $13,194,075
    Funds lent in using Kiva
  • 488.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Bamar to buy mobile phones to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2011
Listed
Sep 26, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 18, 2014