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Gamou
Gamou is 54 years old and lived for twelve years in Sierra Leone. She is married and has five children. The eldest child, a boy, is thirty years old, and the youngest is eighteen years old.

Now re-established in Senegal, Gamou has continued with the business she started nineteen years ago. She has two shops, one sells dishes and the other one sells fabric. She works from nine in the morning until nine at night. This will be Gamou's sixth loan and she will use it to buy stock for her fabric shop, and also to buy dishes to replace those that were stolen from her shop recently.

Gamou is a very active business woman, who works hard for her family. She has established a hairdressing salon for her daughter. Gamou no longer has to provide for the day-to-day expenses of her household as her children have assumed responsibility for this. Her loans have a positive impact on her position as they have allowed her to diversify the range of products and services which she offers. They have also enabled her to provide employment for more people by opening other shops.

In the future, Gamou would like to buy a vehicle and open further shops.
View original language description ↓
Gamou est une dame de 54 ans qui a vécu pendant 12 ans en Sierra Léone. Elle est mariée et mère de 5 enfants dont l’ainé, un garçon âgé de 30 ans et le benjamin, 18 ans. Rentrée au Sénégal, elle a continué ses activités commerciales démarrées depuis plus de 19 ans. Elle ouvre alors deux cantines, l’une qu’elle charge de vaisselles, l’autre, de tissus. Elle travaille de 9 du matin à 21h. Elle sollicite pour la sixième fois, un crédit pour renforcer la cantine de tissus mais aussi de vaisselle qui a été dévalisées récemment. Gamou est une femme très active qui a le sens de la famille, car elle a aussi lancé sa fille dans l’activité de coiffure, en lui ouvrant un salon. Pourtant, Gamou n’a plus de charges car c’est ses enfants qui s’occupent de la dépense quotidienne.
Les crédits ont un impact positive sur elle, ils lui ont permis de diversifier les produits et services, d’élargir le nombre d’employés en ouvrant des cantines.
Gamou désire acheter un véhicule et ouvrir d’autres magasins.

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

  • $2,300
    Average annual income
  • 91
    View loans »
    Senegal Loans Fundraising
  • $13,894,575
    Funds lent in using Kiva
  • 479.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Gamou to buy wax pagnes (traditional, wrap-around clothing), lace and fabric for men's clothing.
92% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2015