Mamadou has started to build a house in his village. This is the reason why he is taking this loan: he would like to buy building supplies to finish the construction of his house and move in it with his family.
Mamadou a entamé des travaux de construction dans son village, c’est d’ailleurs la raison pour laquelle, il sollicite ce crédit pour acheter des matériaux de construction et pouvoir terminer la maison et y déménager avec sa famille.
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!