Khady is 29 years old, married and mother to two children, the eldest of whom is five years old and the youngest one. Before launching her cosmetics business, Khady sold bread from home. Having realised that the profit from this was very small, she changed activity with the hope of earning more money. She thus began selling products for women: fabric, cosmetics, bags..and she has been carrying out this activity for five years now. She has already had a loan of 100,000FCFA and is now requesting an increase of 100,000FCFA so that she can gradually improve her business. She is going to buy for resale handbags, bracelets and various fabrics. Khady does not have any specific expenses to cover, but is working to diversify her product base and improve her family's living conditions.
Madame Khady est âgée de 29 ans, elle est mariée et mère de 2 enfants dont l’ainé a 5 ans et le cadet 1 an. Khady, avant de se lancer dans le commerce de produits cosmétiques, vendait du pain à domicile. Voyant que le bénéfice était très minime, elle a changé d’activité dans l’espoir de pouvoir gagner mieux. Elle s’est alors lancé dans la vente d’effets pour femmes : tissus, produits cosmétiques, sacs... ; activité qu’elle exerce maintenant depuis 5 ans. Elle a déjà eu à bénéficier d’un crédit de 100000F CFA, et demande une augmentation de 100.000F CFA pour améliorer petit à petit son exploitation. Elle va acheter pour revendre, des sacs à main, des bracelets et des tissus divers.
Khady ne supporte aucunes charges, mais travaille afin de diversifier ses produits et pour une amélioration des conditions de vie de sa famille.
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.
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.