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Serigne Mor Sylla
Mr. Serigne Mor Sylla lives in Senegal. He is a father with a family and is active in the transportation domain. He is a cart driver, and he works in commerce at the same time. He sells millet, animal feed, corn, and other local products. He has two years of experience in this commerce business. He is a partner at a U-IMCEC branch, where he is requesting a loan in the amount of 250,000 francs CFA. His goal is to develop his commerce through increasing his stock of products. Thus, he will be able to diversify the products he offers to his customers while selling brooms and karkadé (products made with dried hibiscus flowers).

Increasing his profits will enable him to do better in covering his home's day-to-day expenses, as well as paying the bills. Also, with the increased revenues, he envisions improving his family's food situation. He aspires to become a major merchant in the future.
View original language description ↓
Monsieur Serigne Mor Sylla habite au Sénégal. C’est un père de famille qui s’active dans le domaine du transport. Il est charretier et n même temps fait du commerce. Il vend du mil, de l’aliment de bétail, du mais et autres produits locaux. Il a une expérience de 02 ans dans son activité commerciale. Il est sociétaire dans l’un des guichets de l’U-IMCEC où il sollicite un prêt d’un montant de 250.000 francs CFA. Son objectif est de développer son activité de commerce à travers une augmentation de son stock de produit. Ainsi, il pourra diversifier les produits qu’il offre à sa clientèle en démarrant la vente de balais et de karkadé. L’augmentation de ses bénéfices lui permettra de mieux supporter la dépense quotidienne de son foyer ainsi que les paiements de facture. Aussi avec l’augmentation de ses revenus il envisage d’améliorer l les conditions alimentaires de sa famille. Il aspire à devenir un grand commerçant dans le futur.

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
  • 21
    View loans »
    Senegal Loans Fundraising
  • $12,847,925
    Funds lent in using Kiva
  • 490.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Serigne Mor Sylla to purchase millet, corn, brooms, and animal feed to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 16, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014