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Mor
Mor is in his thirties and has been in business for more than ten years. He started his business in cereal sales, in 1996.

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.
View original language description ↓
Monsieur Mor, âgé de la trentaine, fait du commerce depuis plus de 10 ans, plus précisément en 1996 qu’il a démarré son activité. Son commerce consiste à vendre des céréales. Il se lève tôt et part dans les marchés hebdomadaires pour acheter du mil et de l’arachide à un prix abordable qu’il pourra revendre avec une marge bénéficiaire à ses clients de la ville. Le matin à 8heures, il place la marchandise jusqu’à 13heures et deux jours après, il refait le tour pour récupérer son argent.
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.

Additional Information

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 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.

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About Senegal

  • $1,759
    Average annual income
  • 19
    View loans »
    Senegal Loans Fundraising
  • $12,847,825
    Funds lent in using Kiva
  • 480.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,275 helped Mor to buy millet and peanuts ( 3 tonnes ), for resale.
97% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015