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Omar
S., a young craftsman in iron, is based in Ziguinchor. He is requesting this loan to acquire new equipment, because the demand is higher than the offer. Thus he will be able to increase his profit and consequently his purchasing power.



Translated from French by Véronique Fourment, Kiva volunteer.




S., jeune menuisier metallique, est base a Ziguinchor. Il sollicite ce pret pour acquerir de nouveaux materiel ; car la demande est superieur a l'offre. Ainsi il pourra realiser davantage de benefices et par ricochet accroitre son pouvoir d'achat.

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
  • $13,150,350
    Funds lent in using Kiva
  • 440.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Omar wrought iron workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 1, 2008
Listed
Aug 18, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009