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Fallou
Fallou is 40 years old, single and has lived in Senegal for several years. He has been running a hardware store for over 5 years. Before that he was a mason, but he was persuaded to change career by his brother, who had his own hardware store. Fallou especially likes learning about the products he sells and also enjoys running a profitable business.

Fallou has been a member of his local UIMCEC branch since 2009 and is requesting a loan of 500 000 francs in order to restock on hardware items for his store. He would like to develop and expand his business in order to increase his profits, which he will use to improve his quality of life.
Monsieur Fallou est âgé de 40ans. Il est célibataire et vit au Sénégal depuis plusieurs années. Depuis plus de 5 ans il gère une quincaillerie. Avant de pratiquer cette activité il évoluait dans la maçonnerie. Actuellement il a choisi son activité sous l’influence de son grand frère qui détenait une quincaillerie. Ce qui l’intéresse le plus c’est la connaissance qu’il acquiert des pièces et aussi les revenus que lui génère cette activité rentable. Il est sociétaire du guichet de l’U-IMCEC de la localité ou il pratique son activité depuis 2009. Il sollicite un crédit de 500 000 frs prévu pour l’achat de produits destinés a renforcer son magasin. Il souhaite élargir son activité, développer son commerce, augmenter ses bénéfices et améliorer ses conditions de vie sociale.

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
  • 48
    View loans »
    Senegal Loans Fundraising
  • $13,115,725
    Funds lent in using Kiva
  • 487.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Fallou to restock on hardware products for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2011
Listed
Nov 23, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012