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Gadio
Mr. Gadio K. is 54 years old and married. He is the first member of the Bambey branch of U-IMCEC, which opened in 2009. He is a merchant who sells ropes and accessories for carts and tarpaulins. He began this business ten years ago to develop an activity during the dry season.

According to him, the business is doing well because it is located in an area with large numbers of herds and carts. He is requesting however a loan for 100,000 FCFA to buy ropes so that he can further develop his business.
View original language description ↓
Monsieur Gadio K. marié âgé de 54 ans est le premier membre d’U-IMCEC Bambey, la nouvelle caisse d’IMCEC mise en place en 2009. Il est commerçant et vend des cordes et accessoires de charrettes et bâches. C’est une activité qu’il fait depuis 10 ans pour s’activer pendant la saison sèche. Selon lui, l’activité marche bien car elle est très liée à la zone avec les troupeaux charrettes. Il sollicite, cependant, un crédit de 100 000 FCFA pour acheter des cordes afin de développer son commerce.

Additional Information

About UIMCEC

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.

About Senegal

  • $1,759
    Average annual income
  • 18
    View loans »
    Senegal Loans Fundraising
  • $12,848,050
    Funds lent in using Kiva
  • 482.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Gadio buy merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Mar 11, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2011