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Fatou
Fatou is a married woman and she lives in Senegal. For more than five years now, she has been actively involved in retail business, selling dyed damask fabrics also known as "Thioub". She is a client of one of the branches of the UIMCEC, and she has already repaid a previous loan.

She is now requesting a new loan of 200,000 CFA francs to strengthen her activity. Her goal is to buy more goods, so that she can offer more products to her customers. With increased profits, Fatou will be able to increase her working capital and therefore diversify her commercial activity (she would like to start selling embroidered fabrics as well as dyed fabrics).

Fatou would like to increase her income so that she can save more money and contribute to the improvement of her family's well-being. In the future she would like to open a shop and display her products, in order to better serve her customers.
View original language description ↓
Madame Fatou est une femme mariée qui habite au Sénégal. Elle s’active dans le secteur commercial particulièrement dans la vente de Bazin teinté (plus connu sous le nom de thioub) depuis plus de 05 ans. Elle est membre de l’un des guichets de l’U-IMCEC où elle a déjà remboursé un crédit antérieur. Elle sollicite un nouveau prêt d’un montant de 200.000 francs CFA pour renforcer son activité. Son objectif est d’acheter plus de produits afin qu’elle puisse augmenter la quantité de produits offerte à sa clientèle. Par conséquent l’accroissement de ses profits pourra lui permettre de renforcer son fond de roulement et ainsi diversifier son activité de commerce par le démarrage de la vente de tissus autres que les tissus teintés tels que les tissus brodés. Aussi elle souhaite a travers l’accroissement de ses revenus épargner plus d’argent et contribuer a l’amélioration du bien être de sa famille. Son projet futur est d’ouvrir une boutique pour y exposer ses produits afin de mieux servir sa clientèle.

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
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Fatou to buy dyed fabrics for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014