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Babacar
Babacar is a married tailor who has been in his line of work for over 10 years. He makes and sells ready-to-wear clothing. He spends 11 hours a day working. He is a member of a UIMCEC branch and is requesting a loan of 500 000 francs so that he can buy fabrics and trimmings with which to make clothing to sell for the Tabaski festival. An increase in his income would allow him to better cover his expenses (rent, electricity, salaries, daily expenses), to build savings and to improve his family's food conditions. Babacar would eventually like to expand his workshop in order to better develop his business.
Monsieur Babacar est un couturier marié qui évolue dans le secteur depuis plus de 10 ans. Il s’active dans la confection et la vente de prêts à porter. Il consacre 11 heures de temps à son activité. Il est membre d’un des guichets de l’UIMCEC. Il sollicite un crédit de 500 000 frs prévu pour l’achat de tissus et garnitures destinés a confectionner des habits a revendre a l’occasion de la fête de Tabaski. L’accroissement de ses revenus lui permettra de mieux supporter ses charges (loyer, électricité, salaires personnel, dépense quotidienne), d’épargner et d’améliorer les conditions alimentaires de sa famille. Babacar souhaite agrandir son atelier dans le futur pour mieux développer son activité.

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
  • 43
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 507.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Babacar to buy fabric with which to make clothing for resale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 8, 2012
Listed
Oct 4, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013