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Boubacar
This borrower is a married man and the father of three children, one of whom is a student. The borrower manages an enterprise for building and maintaining swimming pools. To improve his revenues, he runs a business at the same time selling fabrics he imports from a neighboring country. He fills orders for retailers and shopkeepers in his town who then pay him at the end of the month.

To increase his business capital, he is requesting a loan of 500,000 francs from the micro-finance institution U-IMCEC in order to buy 47 cuts of damask cloth. His ambition is to expand his commerce.
View original language description ↓
L'emprunteur est un homme marié, père de 3 enfants dont 1 élève.Il est pisciniste de formation .Il gère une entreprise de réalisation et d'entretien de piscine. Pour améliorer ses revenus, il mène en meme temps un commerce de tissus qu'il importe d'un pays limitrophe.Il place ses marchandises auprès des détaullants et des boutiquiers de sa localité qui lui paient au bout d'un mois. Afin d'augmenter son fonds de commerce, il sollicite auprès de l'UIMCEC un pret de 500000f pour acheter 47 coupons de tissus bazin. Son ambition est d'élagir 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

  • $2,300
    Average annual income
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 501.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Boubacar to buy 47 cuts of damask cloth.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 27, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013