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Babacar
Babacar is a single Senegalese man who lives in his own country and who has been actively involved in retail for 15 years. He sells bags, shoes and jewelry, which he buys at the market. The earnings from his activity help him to meet his personal needs and cover his transportation costs.

This first loan, of an amount of 300,000 francs, will allow him to increase his stock of goods and make more profits. This will in turn help him to save more money and improve his living conditions.

Babacar manages a stall. He starts his working day at 9AM and only comes home at 8PM. In the future, he would like to own a stall.
View original language description ↓
Monsieur Babacar est un célibataire sénégalais vivant dans le pays qui s’active dans le secteur du commerce depuis 15 ans. Il vend des sacs, des chaussures, des bijoux qu’il achète sur le marché. Les revenus que lui procure son activité l’aide a supporter ses frais de transport de même que ses besoins personnels. Avec ce premier crédit de 300000 frs il pourra augmenter la quantité de ses marchandises et réaliser des bénéfices supplémentaires .Ainsi il pourra épargner davantage et améliorer ses conditions de vie. Il gère une cantine et démarre sa journée de travail à 9 heures pour ne rentrer chez lui qu’a 20 heures le soir. Son projet dans le futur est d’acquérir une cantine qui lui appartient.

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.

Tags

About Senegal

  • $1,759
    Average annual income
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 511.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A loan of $600 helped Babacar to buy shoes, bags and jewelry for resale.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 1, 2013