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Hamady Yero
Hamady Yero interrupted his studies five years ago, following the death of his father who was the family's only breadwinner. He then started selling clothes, shoes, and cosmetics, as an assistant in his brother's shop.

He then got the shop from his brother on a three-year loan. At this time, he has repaid the loan and only has to pay rent and electricity expenses, as well as provide for himself.

In order to bolster his working capital, he's seeking a loan of XOF 500'000 to buy men's and women's clothing, cosmetics, and 50 pairs of shoes for sale during Tabaski (Eid al-Adha) and the holiday season.

He ambitions to open other shops for his brother, and to build his own house.
View original language description ↓
L'emprunteur est un jeune qui a arrété ses études il y'a 5 ans à la suite d décés de son père qui était le seul soutien de la famille. Il se lance alors dans le commerce de vetements, de chaussures et de produits cosmétiques comme assistant dans la boutique de son frère.Ce dernier lui cède la boutique à crédit pour une durée de trois ans.Actuellement, il a soldé le crédit et ne supporte que les frais de location, d'électricité ainsi que la satisfaction de ses propres besoins.Pour augmenter son fonds de commerce, il sollicite un pret de 500000F pour acheter des habits pour homme et dames, des produits cosmétiques et 50 paires de chaussures qu'il va écouler durant les fetes de tabaski et de fin d'année.Son ambition es d'ouvrir un magasin pour son frère et de construire sa propre maison.

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
  • 9
    View loans »
    Senegal Loans Fundraising
  • $13,194,075
    Funds lent in using Kiva
  • 484.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Hamady Yero to buy men's and women's clothing, cosmetics, and 50 pairs of shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2011
Listed
Oct 9, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012