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.
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.
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!