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Zhara
Zhara is a 47-year-old widow who has four children, the eldest is 22 years old and the youngest is ten years old. She is a restaurant owner by profession, but, knowing that she has no-one to rely on apart from herself, she would like to expand into selling fabric and cosmetic products. She provides for all the expenses of her family by working from six in the morning until six in the evening. Zhara has more than five years' experience in her business.

She has requested this loan of 500,000 francs CFA, in order to diversify her business, and buy cosmetic products and fabric to fulfil various orders.

In the future, Zhara would like to continue working with the field partner to further diversify the range of products she offers and increase her income. She hopes to make her business more stable so that she can build a house and improve the living conditions of her children.
View original language description ↓
ZHARA est une femme veuve de 47ans qui est mère de 4 enfants dons le plus grand a 22 ans et le plus petit 10ans. Sachant qu’elle n’a pas de soutient, elle est restauratrice de profession et elle voudrait se lancer dans le commerce des tissus et de produits cosmétiques. Elle gère les charges et dépenses quotidiennes de sa famille. Elle a une expérience de plus de 5ans dans son activité et commence sa journée à 6h pour la terminer à 18h. Elle sollicite ce prêt d’un montant de 500.000F diversifier son activité en achetant des produits cosmétiques et des tissus afin de satisfaire ses commandes. A l’avenir elle voudrait avec l’aide de l’institution augmenter ses revenus en diversifiant ses articles et devenir pérenne dans ses activité ainsi elle pourra construire sa maison et mettre ses enfants dans de bonnes conditions.

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
  • 20
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 476.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Zhara to buy fabric and cosmetic products for resale.
94% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2014
Listed
Mar 6, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015