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Mohamed
Mohamed, aged 30, is a married father of two. He has been working in commerce for several years already. He is here to request a loan for the first time in the amount of 200,000 francs CFA to increase his working capital. His business involves selling cots. It should be noted that his business is booming with tourism, and the product is appreciated by tourists.

He takes care of the day-to-day expenses of his family, as well as their needs each day. Thanks to this loan, he is able to improve living conditions at home. He wants to start a major enterprise for making these types of beds if he sees his capital grow.
View original language description ↓
Mohamed, âgé de 30 ans, est marié et père de 2 enfants. Il évolue dans le commerce depuis plusieurs années déjà. Il vient solliciter pour la 1ère fois un crédit de 200000F CFA pour augmenter son fond de commerce. Son activité consiste à vendre des lits de campagne. Il faut noter que c’est une activité qui marche à merveille avec le tourisme, le produit est apprécié des touristes.
Il s’occupe de la dépense quotidienne de sa famille et de leurs besoins au quotidien. Grâce au crédit, il peut améliorer les conditions alimentaires de son foyer.
Il veut ouvrir une grande entreprise de confection de ces lits s’il voit son capital augmenter.

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
  • 11
    View loans »
    Senegal Loans Fundraising
  • $12,846,900
    Funds lent in using Kiva
  • 510.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Mohamed to purchase cots to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014