Our borrower's name is Matar. He has been fattening cattle for more than 30 years now. Cattle-fattening is an activity he has been involved in for almost all his life, having learned it from his parents.
Matar lives in a little village. This is his third loan with UIMCEC, and he is requesting a new loan of 250,000 CFA francs in order to buy two oxen that he will raise for seven to eight months before reselling them.
Matar has always provided for his family with the income he gets from his business. This is why he would now like to boost his activity in order to be able to give a start in life to his oldest son, by opening a grocery store for him.
Once his son has his own business, he will be able to help his father with the household expenses.
Notre emprunteur s’appelle Matar, il fait de l’embouche bovine depuis plus de 30 ans maintenant. Il a pratiquement fait cela durant toute sa vie ,l’ayant hérité de ses parents. Matar loge dans un petit village ou il fait son activité d'embouche. Il est à son 3ème crédit à l’IMCEC et souhaite renouveler un montant de 250000 F CFA, afin de pouvoir acheter 2 bœufs, qu’il va élever pendant 7 à 8 mois avant de le revendre. Matar a toujours nourri sa famille avec les revenus de son activité ; c’est pourquoi, il désire augmenter son fond afin de pouvoir donner un départ aussi à son fils ainé en lui ouvrant une boutique d’alimentation générale. Compte fait, ce dernier pourra l’aider dans les autres charges de la maison.
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.