Moustapha’s expenses include the rent for his store and caring for his family members. Constantly diversifying his revenue-generating busineses, he is counting on IMCEC to make his wishes come true.
Moustapha fait un renouvellement de crédit dans la même structure. Un renouvellement qui lui permettra d’acheter des poussins et de faire de l’aviculture. Comme il l’avait déclaré, il voulait diversifier son activité et faire de l’élevage de poulets de chair en sus de sa boutique d’alimentation générale qu’il tient depuis plus de 14 ans.
Moustapha a comme charge, la location de sa boutique et l’entretien des membres de sa famille. Toujours dans la logique de diversifier ses activités génératrices de revenus, il compte sur l’IMCEC pour réaliser son vœu.
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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