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.
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.
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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