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El Hadji Mayoro
Mayoro is a 45-year-old married man and father. He has gained a lot of experience in the retail of ready-to-wear women's clothes. He has over 10 years of experience in this field. He assumes responsibility for his family's daily expenses and his children's school fees. He is requesting this loan amount in order to purchase ready-to-wear women's clothing, which he will then resell. He leaves for work at 9 AM and returns home around 8 PM. In the future, he hopes to have two large ready-to-wear clothing stores at market. He would also like to increase his revenue and improve his family's living conditions.
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Monsieur Mayoro est un homme âgé de 45 ans, marié et père de famille. Il évolue dans la commercialisation des habits de prêt à porter pour femme. Il a une expérience de plus de 10 ans dans cette activité. Il gère les charges quotidiennes de sa famille et les frais de scolarité de ses enfants. Il sollicite ce montant pour acheter et vendre des habits prêts à porter pour femmes. Il quitte sa maison à 9 h pour y revenir vers les coûts de 20 h. A l’avenir, il souhaite avoir deux grandes boutiques de prêts à porter au marché. Il voudrait aussi augmenter ses revenus et améliorer les conditions de vie de sa famille.

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
  • $13,891,275
    Funds lent in using Kiva
  • 481.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $625 helped El Hadji Mayoro to purchase ready-to-wear women's clothing, which he will then resell.
55% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2014
Listed
Jun 29, 2014
Currency Exchange Loss:
Possible