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Georges
Georges lives miles away from (the microfinance) institution. He is 44 years old, married, and has a family.

He has been working as a professional mason for the past ten years. He works from 8 o'clock in the morning until 4 o'clock in the afternoon.

In order to meet his family's needs, he has also opened a shop, inside his home, which he has entrusted to his cousin. Georges makes an inventory every 6 months and makes 350,000 francs.

He is requesting a loan of 300,000 francs to boost his business and to buy some wooden boards which will be used for formwork. This loan will allow him to increase his income and to cover his family expenses.

Thanks to this loan, he will also be able to stop renting wood. His dream is to make enough money one day to make his business thrive, and to own his own wood to rent to other masons.
View original language description ↓
Mr Georges habite à des kilomètres de l’Institution, âgé de 44 ans, marié et père de famille il est mâcon de profession depuis 10 ans. Il travaille de 8 h à 16 h, pour subvenir aux besoins familiaux il a ouvert une boutique chez lui qu’il a confié à son cousin ; Mr Georges fait un inventaire tous les 6 mois et gagne 350 000 F et il sollicite un prêt de 300 000 f pour renforcer son fond de commerce et acheter des planches pour le coffrage afin de générer plus de revenus pour faire face aux dépenses familiales. Ce prêt lui permettra de ne plus louer de planches et il rêve un jour d’avoir suffisamment de revenus pour fructifier son commerce et avoir ses propres planches pour les louer aux autres mâcons.

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
  • 19
    View loans »
    Senegal Loans Fundraising
  • $12,847,825
    Funds lent in using Kiva
  • 524.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Georges to buy wooden boards (formwork wood) to be used on construction sites.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 27, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013