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Ousmane
Mr. Ousmane live in Senegal. He is married and has chosen to work in commerce to support himself. Basically, he has a store selling sewing supplies that he has been running for six years. With what he earns, he manages to cover his lease payments, as well as his personal needs.

He is a member of a U-IMCEC branch where he is requesting his sixth loan in the amount of 300,000 francs CFA. The goal of his loan is to purchase sewing items with the aim of increasing his store inventory. He starts his workday at 9:00 in the morning and finishes at 6:00 PM. Increasing his profits will enable him to do better supporting himself [and obtaining] sufficient inventory. His future plan is to bolster his business by establishing other stores selling sewing supplies.
View original language description ↓
Monsieur Ousmane habite au Sénégal. Il est célibataire et a choisi de faire du commerce pour subvenir à ses besoins. En effet, Il dispose d’un magasin de vente d’articles de mercerie qu’il gère depuis 6 ans. A travers ce qu’il gagne il parvient à supporter les charges de location du magasin de même que ses besoins personnels. C’est un membre de l’un des guichets de l’U-IMCEC où il sollicite son sixième crédit d’un montant de 300.000 francs CFA. L’objet de son prêt est l’achat de produits de mercerie en vue d’augmenter le stock de son magasin. Il démarre sa journée de travail à 9 heures du matin pour la terminer à 18 heures. L’augmentation de ses bénéfices lui permettra de mieux se prendre en charge. produit suffisant. Son futur projet est de renforcer son activité en créant d’autres magasins de vente d’articles de mercerie. Son projet dan s le futur est de disposer d’autres magasins de mercerie

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
  • $13,535,825
    Funds lent in using Kiva
  • 490.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ousmane to purchase sewing supplies to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2013
Listed
Feb 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014