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Oumar
Mr. Oumar lives in Senegal. He runs a busy shop in the place where he lives. He is the father of a family, and covers his family's expenses with the income earned from selling food products.

He's been a seller since 2000. He opens at 7 in the morning and closes at midnight. He's a member of one of U-IMCEC's branches, and already benefited from one loan.

He's seeking once again a loan of XOF 500'000, which he intends to use to buy various food products to resell. The profits increase expected from this loan will enable him to start selling cosmetics, which his clientele is requesting, and to save more money.

He wishes to become a large merchant in import-export.
View original language description ↓
Monsieur Omar est un habitant du Sénégal.Il gère une boutique qui est très fréquentée dans la localité ou il vit. Il est père de famille, et il gère les charges de sa famille grâce aux revenus que lui procure de vente de produits alimentaires. Il évolue dans le secteur du commerce depuis 2000 et commence sa journée de travail a 7 heures le matin jusqu'à 00 heures le soir. Il est membre de l’un des guichets de l’U-IMCEC où il a déjà bénéficié d’un crédit antérieur. Une fois de plus, il sollicite un prêt de 500.000 francs prévu s’approvisionner en produits alimentaires divers qu’il va revendre. L’accroissement de ses bénéfices découlant de ce financement lui permettra de débuter la vente de produits cosmétiques que sa clientèle lui réclame et de pouvoir faire plus d’économies. Il souhaite devenir une grande commerçante dans le domaine import-export.

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
  • 48
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 501.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Oumar to buy food products to resell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Apr 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014