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Samba
Samba is a young 35-year-old man who lives in the commune. He is married and a father. He is a hairdresser with over 10 years experience in the business. This is his second loan which he needs so that he can finish building his house. He is responsible for covering the daily expenses and his children's education expenses. He starts his workday at 9am and finishes at 8pm. In the future, he would like to increase his income by opening other hairdressing salons and to improve his family's living conditions. Then he will be able to save a little money and diversify his business.
Monsieur Samba est un jeune homme âgé de 35 ans qui habite dans la commune. Il est marié et père de famille. Il évolue dans la coiffure et a une expérience de plus de 10ans dans cette activité. Il est à son 2ème prêt et a besoin de ce crédit pour terminer sa maison en construction. Il a comme charges particulières les dépenses quotidiennes et les frais de scolarité de ses enfants. Il commence sa journée à 9h pour la terminer à 20h. A l’avenir il souhaite augmenter ses revenus en ouvrant d’autres salons de coiffure et améliorer les conditions de vie de sa famille. De ce fait il pourra épargner un peu de son argent à coté et diversifier son activité.

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
  • 21
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 474.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,275 helped Samba to build his house.
51% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible