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Ngor
This borrower is a young man who lives in a village near a large city where he is employed as a taxi driver. Unable to improve his family’s living conditions, he decided to join the micro-finance institution U-IMCEC to access credit in order to acquire his own vehicle. He has also started raising livestock to increase his savings and to gather the funds necessary for a substantial loan. In this regard, he is requesting a loan of 250,000 francs to buy a head of cattle and 50,000 francs of feed concentrate. The revenues from the sale of this livestock will enable him to help feed his family but also help to obtain a loan for buying a vehicle.
View original language description ↓
L'emprunteur est un jeune garçon qui habite dans un village , non loin d'une grande ville dans laquelle il est employé comme chauffeur de taxi.Ne parvenant pas à améliorer les conditions de vie de sa famille, il décide d'hadérer à l'UIMCEC pour accéder au crédit afin d'acquérir son propre véhicule.Il se lance également dans l'élevage pour accroitre son épargne et rassembler les fonds nécessaires à un crédit consistant.C'est dans ce cadre qu'il sollicite un pret de 250000F pour acheter un boeuf et de l'aliment bétail concentré à 50000F. Les revenus tirés de la vente de ce boeuf lui permettront de participer à l'alimentation de la famille d'une part mais serviront en grande partie à obtenir un pret pour l'achat d'un véhicule.

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
  • 43
    View loans »
    Senegal Loans Fundraising
  • $12,997,975
    Funds lent in using Kiva
  • 455.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Ngor to buy a head of cattle and some concentrated feed at 50,000 francs.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 9, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012