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Babacar
Babacar lives in Senegal. He has been working as a broker in the insurance sector since 2011. He is single and is able to manage his personal expenses (food, rent, bills, and personal needs) thanks to the income from his business.

He is a member of a branch of the U-IMCEC, through which he has already received a loan in the past. He is once again seeking a loan of 350,000 FCFA. He will use part of the loan to acquire a photocopier, and the rest will be used to refurbish his office in order to make it more attractive and to make his business more cost effective.

With the increase in profit, he will be able to put money aside to use for continuing his studies in insurance and opening other insurance brokerage offices.
View original language description ↓
Monsieur Babacar est un habitant du Sénégal. Il évolue dans le secteur de l’assurance en tant que courtier et exerce cette profession depuis 2011. Il est célibataire et gère ses charges personnelles (nourriture, loyer, factures et besoins personnels) grâce aux revenus que lui procure son activité. Il est membre de l’un des guichets de l’U-IMCEC ou il a déjà bénéficié d’un crédit antérieur. Il sollicite à nouveau un crédit de 350.000 francs CFA ; une partie du financement sera destiné a l’acquisition d’une photocopieuse et l’autre partie sera utilisé pour réaménager son bureau pour le rendre plus attractif et mieux rentabiliser son activité. De ce fait, avec l’augmentation de ses gains, il pourra faire des économies qui pourront lui permettre d’approfondir ses études en assurance et d’ouvrir d’autres cabinets de courtages en assurance.

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
  • $12,847,250
    Funds lent in using Kiva
  • 499.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Babacar to buy a photocopier and refurbish his office.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014