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El Hadji Babacar
El Hadji is a married man and father of four children, three of whom go to school. He started selling haberdashery items at the main market of his neighborhood a year ago.

He buys his merchandise wholesale in the capital, and sells to tailors at retail. His business is now profitable and allows him to take on a large portion of the family’s household expenses.

He is seeking a loan of 250,000F to buy haberdashery items, which will help to strengthen his working capital.
El Hadji est un homme marié, père de quatre enfants dont les trois vont à l'école. Il s'est reconverti depuis un an au commerce d'articles de mercerie au grand marché de sa localité. Il achète en gros dans la capitale et revend en détail aux tailleurs.Son commerce commence à être rentable et lui permet de prendre en charge une bonne partie des dépenses d'entretien de sa famille. Il sollicite un pret de 250000f pour acheter des articles de mercerie afin de renforcer son fonds de 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
  • $13,515,625
    Funds lent in using Kiva
  • 503.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped El Hadji Babacar to buy haberdashery items for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 28, 2013