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Fatou Diop
Fatou, who is 35 years old, began trading around eight years ago and she runs a general grocery store. She is married and a mother, and she helps her husband out with the family's daily outgoings. Her day begins at 9 o'clock in the morning and finishes at 8 o'clock in the evening. With this loan, which is her very first loan, she is going to buy goods which she has run out of in her shop, such as oil, sugar, rice and milk. Fatou provides for her own personal needs. Her plan for the future is to have a good capital so she can one day open a shop.
View original language description ↓
Madame Fatou âgée de 35 ans, est entrée dans le commerce il y a de cela 8 ans. Elle fait du commerce de boutique d’alimentation générale. Elle est mariée et mère de famille qui aide son mari dans la gestion des dépenses quotidiennes de sa famille. Sa journée démarre à 9h du matin pour se terminer à 20 h du soir. Avec le crédit, qui est le tout premier pour elle, va lui servir à acheter de la marchandise manquant à sa boutique comme de l’huile, du sucre, du riz, du lait. Fatou a comme charge ses besoins personnels
Comme projet futur, elle souhaite avoir une bonne assise afin de pouvoir ouvrir un jour un magasin.

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
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 478.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Fatou Diop to buy foodstuffs for selling.
98% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2014
Listed
Feb 19, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015