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Mamadou
This borrower retired from being a customs officer eight months ago. He is married and father to seven children, all at school. He still has to provide for his family and this is why he has switched to raising animals to increase his income. He buys sheep inland in order to resell them in his town. He is requesting a loan of 500,000 francs in order to buy ten sheep and food for livestock. His ambition is to open a grocery shop.
View original language description ↓
L'emprunteur est un douanier à la retraite depuis 8 mois.Il est marié et père de 7 enfants , tous à l'école.Sa famille est encore à sa charge.C'est pourquoi il s'est reconverti à l'élevage pour améliorer ses revenus.Il achète des moutons à l'intérieur du pays pour les revendre dans sa localité.Il sollicite un pret de 500000f pour acheter 10 moutons et des aliments de bétail.Son ambition est d'ouvrir un magasin de vente de denrées alimentaires .

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
  • 38
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 469.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Mamadou to buy ten sheep and food for livestock.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012