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Ibrahima
It's with the goal of making his studio more attractive that Ibrahima, a young, 38-year-old designer, has called upon a financial institution such as UIMCEC to borrow the sum of 300,000 CFA francs. Ibrahima is familiar with the institution, as he is on his sixth loan. He owns several sewing machines, but for this loan he would like to purchase an angle stitcher, so that he won't have to turn away certain customers who request this service.

As for expenses, he takes care of the daily expenses and the rent for his studio. With the loans he takes, he can vary his wares and services and expand the number of his employees.

As a future project, Ibrahima plans to expand his commercial space.
View original language description ↓
C’est dans le souci de rendre son atelier plus attractif qu’Ibrahima, un jeune couturier âgé de 38 ans, a fait appel à une institution financière comme l’IMCEC pour y emprunter une somme de 300000 CFA. Ibrahima est un habitué du guichet car il est à son 6ème prêt. Il possède plusieurs machines mais pour cette fois ci, il veut acquérir une cornière pour ne pas avoir à renvoyer certains clients qui font cette commande.
Comme charges : il s’occupe de la dépense quotidienne et de la location de son atelier. Avec les crédits qu’il prend il peut diversifier les produits et services et élargir le nombre des employés.
Comme projet futur, il envisage d’agrandir son espace commercial.

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
  • 517.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ibrahima to purchase a sewing machine for his operation.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 24, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013