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Cheikh
The borrower is a married man and the father of four. A former taxi driver, he opened a store to sell spare automobile parts. In addition he bought a used car and hired a driver to provide taxi transportation services in the city. Thanks to these two business activities, he manages to provide for the basic needs of his family. He is requesting a loan of 500000 West African francs in order to buy a new engine and have his taxi repaired. His goal is to open other stores selling spare parts.
View original language description ↓
L'emprunteur est un homme marié pèer de quatre enfants.Ancien chauffeur de taxi,il a ouvert une cantine de vente de pièces détachéées automobile.En plus, il a acheté un véhicule d'occasion et a recruté un chauffeur pour faire du transport urbain.Avec ces deux activités, il parvient à prendre en charge l'essentiel des besoins de sa famille.Il solicite un pret de 500000f pour acheter un moteur neuf et retaper son taxi.Il ambitionne d'ouvrir d'autres cantines de vente de pièces détachées.

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
  • 41
    View loans »
    Senegal Loans Fundraising
  • $12,997,975
    Funds lent in using Kiva
  • 483.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Cheikh to buy a new engine and have his taxi repaired.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2011
Listed
Oct 6, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 28, 2012