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Momar
Mr. Momar is 35 years old. He lives in a city of Sénégal. He is single, devotes himself to small-scale farming and a business of selling vegetables and chickens. He has 10 years experience in this business after realizing it was a good opportunity. He is most concerned with profitability and cash flows generated by the business. He has been a member of U-IMCEC since May 2007. He has properly reimbursed four previous loans. He is requesting a loan of 300,000 cfa francs to purchase sheep for resale in order to diversify his business. His goal is to increase his profits so that he can take care of his responsibilities without asking others for help.
View original language description ↓
Monsieur Momar est âgé de 35 ans. Il vit dans une des localités du Sénégal. Il est célibataire et s’adonne au maraichage et au commerce de légumes et de poulets de chair. Il a une expérience de 10 ans dans son activité de commerce qu’il a choisi par opportunité. Ce qui l’intéresse surtout ce sont la rentabilité et les flux financiers générés par son activité.Il est sociétaire de l'un des guichets de l'U-IMCEC depuis mai 2007. Il a déjà remboursé 4 crédits antérieurs.Il sollicite un crédit de 300 000 frs prévu pour l'achat de moutons qu'il compte revendre afin de diversifier d'avantage son acticité de commerce. Son objectif est d’augmenter ses bénéfices ce qui lui permet de régler ses problèmes sociaux sans demander le soutien de personne.

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
  • 19
    View loans »
    Senegal Loans Fundraising
  • $12,847,825
    Funds lent in using Kiva
  • 486.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Momar to purchase sheep for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2011
Listed
Nov 22, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012