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Saliou
This borrower is a young teacher, aged 39. He is the oldest of a family of six children, including a daughter who just got her high school diploma. No one in his family has a steady job. The borrower is married and the father of a young daughter. During the three months of vacation in the academic year, he has to work at fattening cattle and agriculture in order to increase his revenues, so as to cope with many family expenses.

Thus, he buys goats that he fattens over a period of four months. And then he sells them at the weekly markets in the area. A goat costing him 25,000 francs is resold for 50,000 francs, the profit amounting to 50% a head.

To expand his market, he is requesting a loan of 484,000 francs to buy 15 goats and some animal feed. His greatest wish is to set up a livestock farm one day.
View original language description ↓
L’emprunteur est un jeune enseignant âgé de 39 ans. Il est l’ainé d’une famille de six enfants dont une fille qui vient d’avoir son Baccalauréat. Aucun membre de cette famille n’exerce un emploi stable. Il est marié et père d’une petite fille. Durant les trois mois de vacances scolaires, Il est obligé de pratiquer l’embouche bovine et l’agriculture pour augmenter ses revenus afin de faire face aux nombreuses charges familiales .Ainsi, il achète des boucs qu’il engraisse sur une période de quatre mois avant de les revendre sur les marchés hebdomadaires de ma zone.Le bouc qui lui revient à 25000F est revendu à 50000F soit 50% de bénéfices par tête.Pour élargir son marché, il sollicite un prêt de 484000F pour acheter 15 boucs et de l’aliment de bétail.Son vœux le plus cher est d’arriver un jour à mettre sur pied une ferme d'élevage de bovins.

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
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 457.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Saliou to buy 15 goats and some animal feed.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 18, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012