Alassane is 25 years old and married. He sells rechargeable phone cards, and he has a five-year experience in this field. He does not have a stall but works as an itinerant seller, all over town. He is requesting this loan in order to buy rechargeable phone cards from providers such as Orange, Tigo, Expresso, all present in Senegal. Since the profit he makes by selling one rechargeable card is very small, Alassane is planning to buy bulk quantities in order to maximize his profits. He takes care of his young family and of their daily needs. Alassane would like to have the means to open a shop one day, and would like to sell not only phone cards but also mobile phones and accessories.
Monsieur Alassane est un jeune de 25 ans, marié, qui évolue dans le commerce de cartes téléphoniques rechargeables. Il a une expérience de 5 ans dans ce domaine. Il ne détient pas de cantine, mais fait le marchand ambulant à travers la ville. Alassane vient solliciter ce crédit pour acheter des cartes rechargeables : réseaux orange, tigo, expresso… qui existent au Sénégal. Le bénéfice unitaire sur la vente de carte étant très faible, Alassane joue sur la quantité à vendre pour maximiser son profit. Il s’occupe de sa petite famille et de leurs besoins au quotidien.
Alassane désire un jour avoir les moyens pour ouvrir une boutique de ventes de cartes, mais aussi de téléphones portables et accessoires.
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.
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.