Mor rises early to visit the weekly markets and buy millet and peanuts. He buys them at low, affordable prices and then resells them to his customers in town for a profit. He sets out his merchandise from 8am until 1pm, and two days later, he revisits his customers to collect his money. He will use his loan to buy three tonnes of millet and peanuts, for resale.
Mor is married and has three children. He supports his family thanks to his profitable business. He can now also save money and improve the standard of food of his family.
Mor and his family have a roof over their heads. In the future, he would like to expand his home and buy a vehicle for his personal use.
Il fait un renouvellement, et avec ce montant, il pourra acheter 3 tonnes de mil et d’arachide.
Mor est marié et père de trois enfants, dont il s’occupe grâce à son activité qui est rentable. Il peut désormais épargner de l’argent et améliorer les conditions alimentaires de sa famille.
Mor a un toit pour son foyer, et avec son ambition, il aimerait en avoir d’autres et un véhicule personnel à sa disposition.
More information about this loan
To reach borrowers who would not normally qualify for loans, UIMCEC has developed partnerships with a number of local organizations created by the poor to promote savings and mutual support. Most members of these organizations take group loans from UIMCEC. Some group members have larger businesses requiring more capital, and therefore receive individual loans. To meet their needs, UIMCEC is offering this loan at a lower interest rate with no material guarantee requirement. By supporting this loan, you are helping poor borrowers access credit at lower interest rates.
About UIMCECThis 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.
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