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Ousmane
The borrower is a young single man without children. He sells newspapers door-to-door and in the different public and private establishments in town. He wakes up early each morning to stock up at the only wholesaler in town in order to resell his newspapers at retail. His business works pretty well and allows him to support his family, especially for their food, sanitary and rental expenses. To strengthen his business, he is requesting a loan of 300 000 francs to buy monthly magazines, women's magazines and weekly hair and fashion magazines. His goal is to rent a cafeteria in town where he will set up a bookstore.
View original language description ↓
L'emprunteur est un jeune célibataire sans enfants.Il vend des journaux à domicile et dans les différents services publics et établissements privés de la ville.Il se lève très tôt le matin pour s'approvisionner auprès de l'unique grossiste de la ville pour revendre ses journaux au détail. Son commerce marche assez bien et lui permet de soutenir sa famille notamment pour les dépenses alimentaires, sanitaires et locatives. Pour renforcer son activité, il sollicite un prêt de 300 000f pour acheter des revues mensuels, des magazines de femmes et des hebdomadaires de la mode en coiffure et couture.Son ambition est de louer une cantine en ville pour y établir une librairie.

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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,041,875
    Funds lent in using Kiva
  • 489.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ousmane to buy monthly magazines, women's magazines, weekly hair and fashion magazines.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2011
Listed
Dec 9, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012