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Aissatou
Aissatou is a single woman who lives with her parents and lives 5 kilometers from the shop. She sews at her workshop and at the market. Aissatou has more than ten years of experience in this business. She is leasing her shop from her landlord, who would like to sell it for a good price. She would like a loan of 350,000F to buy it. She starts her day at 8AM and ends at 7PM. She helps her parents in managing daily expenses, their shop location, and paying their employees. In the future she hopes to increase her profits and improve her parents' living conditions.
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AISSATOU est une femme célibataire qui vit avec ses parents et habite à 5 km du guichet. Elle évolue dans la couture et a son atelier au marché. AISSATA a une expérience de plus de 10 ans dans son activité. Elle est sous location et sur proposition de son bailleur qui veut lui vendre la cantine à bon prix elle voudrait un prêt de 350.000F pour l’acheter. Elle commence sa journée à 8h pour la terminer à 19h. Elle aide ses parents dans la gestion des dépenses quotidiennes, la location de son magasin et la rémunération de ses employés. A l’avenir elle souhaite augmenter ses revenus et améliorer les conditions de vie de ses parents.

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.

Tags

About Senegal

  • $1,759
    Average annual income
  • 18
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 473.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $750 helped Aissatou to buy a sewing shop.
54% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
Possible