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Issa
Mr. Issa lives in Senegal. He is unmarried and has been working in the commerce sector since 1999. His specialty is in selling local foodstuff (millet, sorghum, …) He is a member of a U-IMCEC branch where he is requesting a loan of 400,000 francs CFA with the goal of boosting his business. Basically, his financing will overall be used to purchase the various goods he is going to resell.

With this loan, he would like to grow his financial resources and begin selling chickens and beverages. Expanding his business will drive him to hire five employees and help to develop his country. Also, growing his revenues will enable him to bolster his savings and improve his family's food situation. For the future, he plans on opening other stores to develop his commerce further.
View original language description ↓
Monsieur Issa habite au Sénégal. Il est célibataire et évolue dans le secteur du commerce depuis 1999. Il est spécialité dans la commercialisation de denrées alimentaires locales (mil, sorgho…). Il est membre de l’un des guichets de l’U-IMCEC auprès duquel il sollicite un prêt de 400.000 francs CFA dans le but de booster son activité. En effet, son financement sera destinée dans sa globalité à l’achat de ses divers produits qu’il va revendre. Il souhaite a travers ce crédit accroitre ses ressources financières et démarrer la vente de poulets et de boissons. L’élargissement de son activité de commerce pourra l’amener a engager 5 employés et contribuer au développement de son pays. Aussi l’accroissement de ses revenus lui permettra de renforcer son épargne et améliorer les conditions alimentaires de sa famille. Dans le futur, il prévoit d’ouvrir d’autres boutiques pour développer davantage son commerce.

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
  • 16
    View loans »
    Senegal Loans Fundraising
  • $12,848,050
    Funds lent in using Kiva
  • 501.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Issa to purchase local products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014