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Coly
The borrower is a married man, father to five children. He is in the business of sheep feeding. He buys his sheep in the weekly markets of his region, fattens them during seven months then resells them for a good price. His business brings in fairly consistent income which allows him to meet his needs and to satisfy those of his whole family.

To strengthen his business, he is requesting a loan of 500,000f to buy 20 sheep including 5 purebred sheep. His goal is to later get involved in cattle feeding.
View original language description ↓
L'emprunteur est un homme marié, père de cinq enfants.Il exerce l'activité d'embouche ovine.Il achète des moutons dans les marchés hebdomadaires de sa région, les engraisse durant 7 mois puis les revend à un bon prix.Son activité lui procure des revenus assez consistants qui lui permettent de subvenir à ses besoins et de satisfaire ceux de toute sa famille.Pour renforcer son activité, il sollicite un pret de 500000f pour acheter 20 moutons dont 05 moutons de race.Son ambition est de s'engager plus tard dans l'embouche bovine.

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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 501.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Coly to buy 20 sheep including 5 purebred sheep.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Dec 25, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2012