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Amadou
This borrower is a young single man who quit his studies at the end of the primary school cycle after failing the exam twice. His uncle hired him as an apprentice to learn the trade of commerce in his shop. He eventually branched out on his own with a capital of 350,000F received from a tontine (a revolving savings fund).

Nowadays, he has a booth at the central market where he sells clothes, shoes and jewelry. His income allows him to support himself and to help his family with the food, water and electricity bills.

He is seeking a loan of 400,000F with UIMCEC to purchase 200 pieces of clothing, 100 pairs of shoes, and 50 pieces of jewelry. The sale of this merchandise will allow him to contribute even more to his family’s well-being. His goal is to expand his business.
L'emprunteur est un jeune homme célibataire qui a arrêté ses études après deux échecs à l'examen de fin d'études primaires.Il s'est ainsi engagé comme apprenti dan la boutique de son oncle pour apprendre le commerce.Il s'installe plus tard à son propre compte avec 350 000F reçus d'une tontine.Aujourd'hui, il propose dans sa cantine au marché central des habits, des chaussures et des bijoux.Ses revenus lui permettent de prendre en charge ses besoins personnels ainsi que des charges d'alimentation et de paiement de factures d'eau et d'électricité de la famille.Il sollicite un prêt de 400 000F à l'UIMCEC pour l'achat de 200 pièces d'habits, 100 paires de chaussures et 50 pièces de bijoux.La vente de ces produits l'aidera à mieux participer à l'entretien de sa famille.Son ambition est d'élargir son activité.

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

  • $2,300
    Average annual income
  • 48
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 460.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Amadou to buy 200 pieces of clothing, 100 pairs of shoes, and 50 pieces of jewelry for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2011
Listed
Aug 13, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2012