Mamadou Lamine has also been working selling firewood for the past year, and it is to strengthen this business that he is seeking a loan for 600,000 francs. He has a brother in the south who can bring up cheaper firewood by truck, which [Mamadou Lamine can sell].
With these earnings, he can take care of his family's everyday expenses and pay for water and electricity.
His wish is to one day have his own house, which will help improve his family's standard of living.
Avec son revenu salarial, il s’occupe de la dépense quotidienne de la famille, du payement d’eau et de l’électricité.
Son vœu est d’avoir sa propre maison dans le cadre d’améliorer les conditions de vie de son foyer.
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!