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Momar Talla
When he stopped attending high school three years ago, Momar got into selling foodstuffs. He opened a grocery store in his locality with the help of his parents. The good location of his store assures him a big clientele. In this way he manages to support his parents and help his younger brothers who are still at school.

In order to bolster his working capital, Momar is asking for a loan of 500,000 francs to buy cases of mineral water, other drinks, detergents, and milk. His ambition is to expand his store.
View original language description ↓
Depuis qu'il a arrété ses études au lycée il y'a trois ans, Momar s'est lancé dans le commerce de produits alimentaires. Il a ainsi ouvert une alimentation dans sa localité avec l'aide de ses parents. La bonne localisation de sa boutique lui assure une grande clientèle. Il arrive ainsi à prendre en charge ses deux parents et à aider ses petits frères qui sont encore des élèves.Afin de renforcer son fonds de commerce,Momar sollicite un pret de 500000f pour acheter des caisses d'eau minérale, de boisson, des détergents et du lait. Son ambition est d'agrandir son alimentation.

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
  • 11
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 503.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Momar Talla to buy cases of mineral water, other drinks, detergents, and milk.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 27, 2012