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Bocar
Mr. Bocar is a married man who lives in Senegal with his family. He is a tailor, a profession that allows him to earn the revenue needed to support his family. For the past three years, he has been making apparel that he sells to the population of his district. He is a member of the local U-IMCEC branch, where he is seeking a loan of 150,000 francs. He plans to use this credit to purchase fabrics that he will use to make a selection of ready-to-wear apparel for sale.

This loan will help him to expand his business activity by providing ongoing support for his determination to succeed. As a result, he will be able to save more money and the increased profits will enable him to further diversify the various styles of apparel that he sews. To help expand his activity, he plans to travel to the sub-region to purchase fabrics.
Monsieur Bocar est un homme marié et il vit au Sénégal avec sa famille. Il est couturier et ce métier lui procure des revenus lui permettant d’entretenir sa famille. Il s’adonne depuis 3 ans à la confection d’habits qu’il revend a la population de la localité de sa zone d’habitation. Il est membre à l’un des guichets de l’U-IMCEC auprès duquel il sollicite un prêt de 150.000 francs. Son but est de se servir de cette somme pour acquérir les tissus qui lui permettent de confectionner les divers modèles d’ habits prêts a porter qu’il expose a la vente. Ce financement pourra contribuer a développer son activité de commerce d’une part et d’autre part est un support consistant pour appuyer sa volonté de développer son activité. Par conséquent, il pourra facilement épargner plus d’argent. L’augmentation de ses bénéfices lui permettra de diversifier encore plus les modèles qu’elle confectionne, Pour mieux développer son activité, il envisage de faire des voyages dans la sous de région pour acheter des tissus.

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
  • 21
    View loans »
    Senegal Loans Fundraising
  • $12,847,925
    Funds lent in using Kiva
  • 504.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Bocar to buy fabrics to make apparel for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
Jun 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014