Aliou has three canoes and three machines. If he needs to go to the sea, he starts his day at 10 AM and comes home around 5 PM. Aliou has a large family, and he feeds them with his fishing business spending 8,750f a day. Nevertheless, he makes a profit of 15,000f a day for each of his canoes after expenses.
He wishes to build and have two locations and to improve his family's living conditions.
Aliou possède trois pirogues et 3 machines. Il commence sa journée s’il doit aller en mer, à 10h et reviens vers 17h. Aliou a une grande famille, et il les nourrit de son activité de pécheur en dépensant 8 750f par jour. Néanmoins il a un bénéfice de 15 000f par jour et par pirogue après déduction des frais.
Ayant deux terrains, il a comme vœu de les construire et de mettre sa famille dans de meilleures conditions de vie.
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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