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Moustapha
Moustapha lives in Senegal and is 32 years old. He is single and is developing a trading business, more precisely in the sale of second-hand clothing. When he lost his job, his brother started sending him second-hand clothes. His strength lies in the fact that he sells his goods at affordable prices which are accessible to all budgets. He has been a member of one of the branches of UIMCEC since May 2011. He is requesting a loan of 500,000 francs with which he is planning to buy more goods in order to expand his business. An increase in his profits will allow him to contribute more to family expenses, since he is living in his brother's house.
View original language description ↓
Monsieur Moustapha habite au Sénégal. Il est âgé de 32 ans. Il est célibataire et évolue dans le secteur du commerce plus précisément dans la vente de friperie. C’est après avoir perdu son emploi que son frère a commencé à lui envoyer des habits de friperie. Son point fort est qu’il vend à des prix abordables qui sont a la portée de toutes les bourses. Il est membre d’un des guichets de l’U-IMCEC depuis mai 2011. Il sollicite un crédit de 500 000frs prévu pour l’achat de plus de marchandises en vue de développer d’avantage son activité de commerce. L’augmentation de ses bénéfices lui permettra de mieux participer dans les dépenses familiales car il vit sous toit de son frère.

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
  • 41
    View loans »
    Senegal Loans Fundraising
  • $13,487,775
    Funds lent in using Kiva
  • 475.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Moustapha to buy second-hand clothing for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 16, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 28, 2012