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Mody
This borrower is a married man who has a business selling footwear. He is established locally at a large market. He buys cases of shoes wholesale and then sells them retail. He derives a profit substantial enough to enable him to support his family. To increase his inventory ahead of Tabaski (the sheep festival), he is requesting a loan of 500,000 francs from U-IMCEC in order to buy five bales of footwear. His ambition is to become a wholesale merchant.
View original language description ↓
L'emprunteur est un homme marié.Il exerce le commerce de chaussures et est établi dans un grand marché de sa localité.Il achéte en gros des caisses de chaussures qu'il revend au détail.Il tire un bénéfice assez substentiel de cette activité, ce qui lui permet de prendre en charge les besoins de sa famille.Pour augmenter son stock à l'approche de la fete de Tabaski (fete du mouton), il sollicite auprès de l'UIMCEC un pret de 500000f pour acheter cinq balles de chaussures.Il ambtionne de devenir grossiste.

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

  • $2,300
    Average annual income
  • 89
    View loans »
    Senegal Loans Fundraising
  • $13,894,575
    Funds lent in using Kiva
  • 483.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD