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Madial
This borrower is married and the father of 7 children, all of whom attend school. To support his family, he had opened a shop which sold popular items. However, because of weak sales, he stopped doing this and went into the business of selling agricultural food products. Now he buys peanuts, millet, and peanut oil which he sells at retail to merchants in his region. Today he is able to meet his family’s essential financial needs. To increase his working capital, he is requesting a loan of 400,000f to buy peanuts, millet and livestock feed.
View original language description ↓
L'emprunteur est un homme marié, père de 7 enfants qui vont tous à l'école.Pour entretenir sa famille, il avait ouvert une boutique de vente de produits de consommation courante.Mais du fait de la faiblesse de ses revenus, il l'a arrété et a démarré un commerce de produits alimentaires agricoles.Ainsi, il achéte en gros de l'arachide, du mil, de l'huile d'archide qu'il revend en détail auprès des commercants de sa localité.Aujourd'hui, il arrive à supporter l'essentiel des dépenses familiales.Pour renforcer son fonds de commerce , il sollicite un pret de 400000f pour acheter de l'arachide, du mil et des aliments bétail.

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
  • 471.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Madial to buy peanuts, millet, and livestock feed.
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:
Dec 18, 2012