Babacar Dieng


Status: Paying Back

$800.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Babacar Dieng
Location: Dakar, Senegal
Activity: Grocery Store

About the Loan

Loan Amount: $800.00
Loan Use: To bolster his working capital
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 6, 2009
Date Disbursed: Oct 28, 2009
Date Funded:Nov 7, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:442.2139 XOF = 1 USD



Babacar Dieng is a former member of the branch office of Baye Laye.  He just repaid his fourth loan.  He is well-known for dedication and dynamism in his work.  He is married and has four children, aged 8 months to 8 years.  He also has four people to support.  Before becoming a merchant, he was a furniture-maker working in ebony for fifteen years.  It's a trade he chose out of love.  Next he tried running a telecentre.  For two years, he has been specializing in selling food items.

Commerce being work that brings in a lot for him, he's requesting a loan of 350,000 francs for bolstering his capital and for increasing his stock of merchandise in order to cope with the growing demand as the holidays approach.  His goals are to diversify his goods, to boost his savings, and to meet his personal requirements further. 

Translated from French by Dan Kuey, Kiva Volunteer


Babacar Dieng est un ancien sociétaire de la caisse de Baye Laye.Il vient de rembourser son quatrième crédit. Il est très connu par son dévouement et son dynamisme dans ses activités.
C’est un homme marie qui a quatre enfants dont l’âge varie entre huit mois et huit ans. Il a aussi quatre personnes en charge. Avant d’être commerçant il a été pendant quinze ans menuisier ébéniste un métier qu’il avait choisi par amour. Ensuite il a tente de gère un telecentre .Depuis deux ans il est spécialisé dans la vente de denrées alimentaires. Le commerce étant une activité qui lui rapporte beaucoup il sollicite un crédit de trois cent cinquante mille frs pour renforcer son capital et augmenter son stock de marchandise pour mieux faire face a la demande croissante de s veilles de fête.Son objectif est de diversifier ses produits renforcer son épargne et mieux satisfaire ses besoins personnels.

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Journal entries for Babacar Dieng


Loan has been disbursed
 
Entrepreneur: Babacar Dieng
Location: Dakar, Senegal

Thank you for your loan. It has been disbursed to Babacar Dieng by UIMCEC, a partner of ChildFund International in Senegal. We are excited to watch this business grow. Over the 12 months of this loan, UIMCEC, a partner of ChildFund International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Dakar, Senegal
Nov 8, 2009
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Kiva Help Repayment Schedule for Babacar Dieng

  Expected Repayments Actual Repayments Comments
February 2010 $66.67 Available Feb 1  
March 2010 $66.66 Available Mar 1  
April 2010 $66.67 Available Apr 1  
May 2010 $66.67 Available May 1  
June 2010 $66.66 Available Jun 1  
July 2010 $66.67 Available Jul 1  
August 2010 $66.67 Available Aug 1  
September 2010 $66.66 Available Sep 1  
October 2010 $66.67 Available Oct 1  
November 2010 $66.67 Available Nov 1  
December 2010 $66.66 Available Dec 1  
January 2011 $66.67 Available Jan 1