Presently, he is asking for a loan of 300,000 f to buy seeds and fertilizer for his crops. He is very active, beginning his day at 8 am and ending work at 6 pm. In order to make better use of his knowledge, he pays two persons to help him with his work so that he can diversify his produce and services.
Jean-Marie has plans to buy a mill to grind millet as a way to diversify his business and also to acquire a thresher to ease his work.
Jean-Marie envisage d’acheter un moulin à mil dans le cadre de diversifier l’activité et d’acquérir aussi une batteuse pour faciliter le travail.
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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