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Babacar
Mr. Babacar lives in Sénégal. He is a married man who manages the household expenses (daily expenses, rent, bills and employee wages) with the income he earns from his business. He specializes in selling hay and straw, which stockbreeders use to feed their livestock. He is a member of one of the branches of the U-IMCEC and is requesting a loan of 250,000 CFA francs to purchase his inventory. He would like to build up his inventory for resale. This would allow him to create a better standard of living for his family. His future goal is to buy an apartment, which he would rent out.
View original language description ↓
Monsieur Babacar vit au Sénégal. C’est un homme marié qui gère les charges de son ménage (dépense quotidienne, location, factures et salaires employés) grâce aux revenus que lui génère son activité commerciale. Il est spécialisé dans la vente de paille et de foins que les éleveurs utilisent pour nourrir leur cheptel. Il est sociétaire de l’un des guichets de l’U-IMCEC et sollicite un crédit d’un montant de 250.000 francs CFA prévu pour s’approvisionner en produits pour les besoins de son commerce. Il souhaite renforcer le stock de ses produits à vendre. Ainsi, il pourra augmenter le niveau ses ressources financières ce qui lui permettra d’améliorer les conditions alimentaires de sa famille. Son projet futur consiste a acquérir un appartement qui sera destiné a la location

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
  • 28
    View loans »
    Senegal Loans Fundraising
  • $12,994,300
    Funds lent in using Kiva
  • 510.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Babacar to purchase hay and straw for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013