Abdou Salam starts his working day at eight in the morning and finishes at seven in the evening. He makes beds and wardrobes to order for his customers, and sometimes makes wardrobes to expose for sale.
In the future, he would like to diversify the products and services which he offers, by employing more workers. This would lead to greater customer satisfaction, increase his revenue and improve the living conditions of his family.
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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Success!! The loan was 100% repaid