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Moustapha
Moustapha is renewing his loan with the same arrangement. This is a renewal that will enable him to purchase some chicks for poultry farming. As he had stated, he wanted to diversify his business and raise frying chickens along side his grocery store, which he has had for fourteen years.

Moustapha’s expenses include the rent for his store and caring for his family members. Constantly diversifying his revenue-generating busineses, he is counting on IMCEC to make his wishes come true.
View original language description ↓

Moustapha fait un renouvellement de crédit dans la même structure. Un renouvellement qui lui permettra d’acheter des poussins et de faire de l’aviculture. Comme il l’avait déclaré, il voulait diversifier son activité et faire de l’élevage de poulets de chair en sus de sa boutique d’alimentation générale qu’il tient depuis plus de 14 ans.
Moustapha a comme charge, la location de sa boutique et l’entretien des membres de sa famille. Toujours dans la logique de diversifier ses activités génératrices de revenus, il compte sur l’IMCEC pour réaliser son vœu.

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.

About Senegal

  • $1,759
    Average annual income
  • 23
    View loans »
    Senegal Loans Fundraising
  • $12,851,075
    Funds lent in using Kiva
  • 480.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Moustapha to purchase chicks to raise and also various goods for his shop.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2014