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Ndiaga Mahtar
The borrower manages a grocery store in his village. He gets his supplies from the city, 10 miles away, and has succeeded in attracting a large clientele from neighboring villages due to his good credibility.
With the profits generated by his business, he provides for most of his family's needs. To increase his working capital and satisfy the strong demand, he is requesting a 400,000 XOF loan, with which to purchase 15 bags of rice and 100 liters of cooking oil.
His ambition is to turn his shop into a wholesale store to supply the grocery stores in his area.
View original language description ↓
L'emprunteur tient une boutique de vente de denrées alimentaires dans son village. Il s'approvisionne en ville à 15 km et a réussi à attirer une importante clientèle dans les villages environnants du fait de sa bonne crédibilité. Il assure avec les bénéfices générés par son activités l'essentiel des besoins de sa famille.Pour augmenter son fonds de commerce et satisfaire la forte demande, il sollicite un prêt e 400 000F pour acheter 15 sacs de riz et 100 litres d'huile. Il ambitionne de transformer sa boutique en magasin de vente en gros pour approvisionner les boutiques des villages de la zone.

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
  • 44
    View loans »
    Senegal Loans Fundraising
  • $13,041,875
    Funds lent in using Kiva
  • 457.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Ndiaga Mahtar to buy 15 bags of rice and 100 liters of cooking oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 14, 2011
Listed
Jul 29, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011