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Babacar
The borrower is single and does not have children. He works as a transporter of people and baggage with a cart and a horse. During the dry season, he also sells groundnut straw to increase his revenues. As a result of these two activities, he can provide for his family; they live in a village located a few kilometers away from the city where he works.
He is currently requesting a 400,000 XOF loan in order to purchase a second cart and a horse. His ambition is later to acquire a taxi for urban transportation.
View original language description ↓
L'emprunteur est un célibataire sans enfants.Il exerce le transport de clients et de bagages avec une charette et un cheval.Il vend également durant la saison sèche de la paille d'arachide pour augmenter ses revenus.Ce qui fait que ses deux activités lui permettent de prendre en charge sa famille qui se trouve au village situé à quelques kilomètres de la ville ou il travaille.Actuellement il sollicite un pret de 400000f pour acheter une seconde charette et un cheval .Son ambition est d'acquérir plus tard un traxi de transport urbain.

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
  • 45
    View loans »
    Senegal Loans Fundraising
  • $13,116,800
    Funds lent in using Kiva
  • 471.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Babacar to buy a second cart and a horse.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 1, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012