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Babacar
This borrower is a married tailor and the father of four children. He has been in his trade for almost 15 years. He started out with only one sewing machine and has worked long and hard to acquire a workshop that is well-located and three sewing machines. His clientele has grown a lot and that brings him in income that allows him to support his family. He is requesting a loan of 300,000 francs to buy a new, more modern and more efficient sewing machine. His ambition is to start up courses to teach young people the tailor's trade.
View original language description ↓
L"emprunteur est un tailleur marié et pere de quatre enfants.Il exerce cette activité depuis pres de 15 ans.Il a démarré avec une seule machine et a beacoup travaillé pour acquérir un local trés bien placé et trois machines à coudre.Sa clientèle a beaucoup augmenté et cela lui procure des revenus qui lui permettent de prendre en charge sa famille.Il sollicite un pret de 300000f pour acheter une nouvelle machine à coudre beaucoup plus moderne et plus performante.Son ambition est d'ouvrir un centre de formation des jeunes au métier de tailleur.

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
  • 50
    View loans »
    Senegal Loans Fundraising
  • $13,011,300
    Funds lent in using Kiva
  • 476.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Babacar to buy a new sewing machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2011
Listed
Oct 19, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2012