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Gory
This borrower is a married man, the father of four children, who all attend school. His parents passed down to him a herd of cows that he maintains in order to leave to his children, who should in turn do the same. This is why, to support his family, he is compelled to buy more animals, fatten them, and sell them to obtain financing. He buys sheep from the weekly markets, feeds them for four months, and then sells them. As the sheep festival (Tabaski) approaches, he is requesting a loan of 400,000 francs from U-IMCEC to buy 15 head of sheep. His ambition is to be a livestock farmer.
View original language description ↓
L'emprunteur est un homme marié , père de quatre enfants qui fréquentent tous l'école.Il a hérité de ses parents un troupeau de vaches qu'il entretient pour les léguer à ses enfants qui devront en faire de meme.C'est pourquoi, pour subvenir aux besoins de sa famille, il est obliger d'acheter d'autres animaux, de les engraisser pour les vendre et obtenir des ressources financières.Il achéte des moutons dans les marchés hebdomadaires, les nourrit pendant quatre mois puis les revend.A l'approche de la fete du mouton (Tabaski), il sollicite un pret de 400000F à l'UIMCEC pour acheter 15 moutons.Son ambition est de faire de l'embouche bovine.

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
  • 47
    View loans »
    Senegal Loans Fundraising
  • $13,115,725
    Funds lent in using Kiva
  • 452.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Gory to buy 15 head of sheep.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 16, 2011
Listed
Aug 27, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012