Fatou is married and a mother of four; her two oldest children are girls. She does not have expenses beyond a monthly contribution to a neighborhood business association.
Mrs. Fatou wants to increase her savings to one day become financially independent.
Fatou est mariée et mère de 4 enfants dont l’ainé et le cadet sont toutes deux des filles. Elle n’a pas de charges sinon une tontine mensuelle dans le quartier.
Madame Fatou, veut fructifier son capital pour devenir un jour autonome financièrement.
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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This loan has been fully funded!