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Mamadou
This borrower is a married young man who has two children. He recently opened a grocery store in his district. He sells typical consumer items and household goods. His business brings in modest revenues, which still don't allow him to meet the needs of his family. This is why he is requesting a loan of 300,000 francs from the micro-finance institution U-IMCEC to bolster his working capital and thus to increase his revenues. He wants to buy some rice, milk, sugar, tomatoes, and various other goods. His ambition is to build his business.
View original language description ↓
L'emprunteur est un jeune marié père de deux enfants.Il a ouvert récemment une boutique alimentaire dans son quartier.Il vend des denrées de consommation courante et des articles ménagers.Son commerce rapporte des revenus modestes qui ne lui permettent pas encore de satisfaire aux besoins de sa famille.C 'est pourquoi, il sollicite un prêt de 300000f auprès de l'UIMCEC afin de renforcer son fonds de commerce et augmenter ainsi ses revenus.Il veut acheter du riz, du lait, du sucre,de la tomates et diverses autres denrées.Son ambition est de renforcer son commerce.

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
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,155,075
    Funds lent in using Kiva
  • 481.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mamadou to buy rice, milk, sugar, tomatoes, and various other grocery items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012