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Serigne Medina
This borrower is a married man. He runs a store at the grand market in his area and sells shoes, women's and children's clothing, and toiletry items. This man has worked very hard to be able to satisfy the needs of his family and some of his friends. He provides food and pays for health and clothing costs. His business also allows him to pay the water and electric bills. To increase his stock of merchandise, he is seeking a loan of 500,000 F in order to buy cases of shoes, bundles of clothing, and various toiletry items. His ambition is to open additional stores in the city.
L'emprunteur est un homme marié.Il gère au grand marché de sa localité un magasin de vente de chaussures, de vetements pour femmes et enfants ainsi que des effets de toilette.Cette homme a beaucoup travaillé pour arriver aujourd'hui à satisfaire les besoins de sa famille et de certains de ses amis.Il pourvoie à leur alimentation, leur frais de santé et d'habillement.Son activité lui permet de payer également les factures d'électricité et d'eau.Pour augmenter son stock de marchandises , il sollicite un pret de 500000F afin d'acheter des caisses de chaussures, des balles de vetement et des effets de toilette divers.Son ambition est d'ouvrir d'autres magasins en ville.

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
  • $13,155,075
    Funds lent in using Kiva
  • 483.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Serigne Medina to buy cases of shoes, bundles of clothing, and various toiletry items.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2011
Listed
Sep 29, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012