Issa wants to expand his business by taking out a loan that will enable him to purchase computer equipment to strengthen his cybercafé. He is no novice regarding credit loans as his first equipment was acquired through loans.
Issa is a promoter who has ideas he wants to put into practice. He opens his cybercafé from 8 am until 10 pm.
With the profits from his business, he feeds his family and puts some money aside. His ambition is to set up a large cybercafé space in the village and open a computer training center.
Avec les bénéfices de son activité, il nourrit sa famille et met un peu d’argent de coté.
Son ambition est de monter un grand cybercafé espace au niveau de son village et d’ouvrir un centre de formation en informatique.
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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