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Thierno
Thierno is a young man who has been involved in sewing for several years already. He is single and has no children. He has opened a tailor's shop at the central market, and he also sells sewing supplies such as lining, poplin, buttons, threads and other items.

Thanks to the income he makes with his sewing and retail activities, Thierno is able to provide for his family, particularly for his parents who live in the same village and to whom he regularly gives money. Thierno would like to increase the size of his sewing supplies shop in order to also sell fabrics.
View original language description ↓
Thierno est un jeune qui a investi dans le domaine de la couture depuis des années. Il est célibataire sans enfant. Il a ouvert un atelier de confection dans le marché central et une vitrine de mercerie dans laquelle, il vend de la garniture, de la popeline, des boutons, du fil et autres divers.
Grâce aux recettes de son activité de tailleur et de commerce associés, Thierno arrive à nourrir sa famille : ses parents particulièrement qui sont au village, à qui il envoie régulièrement de l’argent.
Thierno désire augmenter la mercerie pour vendre des tissus en même temps.


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

  • $1,759
    Average annual income
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 482.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Thierno to buy fabrics for his tailor's shop (for sewing and resale).
33% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jul 19, 2014
Currency Exchange Loss:
Possible