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Saer
Mr Saer D. is a 24 year-old metalworker who lives in the Sangalkam area. He chose this line of work after leaving school at an early age, and began by becoming an apprentice in 1998. Then, in 2005 his father handed over management of the business to him. Saer uses the profits earned in order to meet his family's needs; he is single, but looks after his parents.
He is seeking a 400 000 frs loan in order to diversify his business and to start working with aluminium. His aim is to purchase a metal cutting machine, a drill and a silicon device. By receiving this loan he would be able to increase his customer base, and consequently his profits.
View original language description ↓
Monsieur Saer D. est un jeune menuisier métallique de 24 ans qui vit dans la localité de Sangalkam. Il a choisi cette activité pour avoir quitte l’ecole un peu tôt. Il a commence par être apprenti a partir de 1998. C’est en 2005 que son père lui a cédé la gestion de l’activité. Et avec les profits qu’il gagne il parvient à satisfaire ses besoins de responsable de famille. Monsieur D. est célibataire mais il a en charge deux de ses parents. Il sollicite un crédit d 400 000 frs dans le but de diversifier son activité et de démarrer le traitement de l’aluminium. Son objectif est d’acheter une machine de coupe, d’une perceuse et d’un appareil silicone. L’obtention de ce crédit lui permettra d’augmenter sa clientèle et par conséquent d’accroitre sa marge bénéficiaire.

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
  • 28
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 477.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Saer investment.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2010
Listed
Mar 16, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011