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Alassane
This borrower is a young single man who abandoned his studies as he did not have the means to continue them. He launched himself into the portable telephone and prepaid telephone credit business; He is the eldest of a family of seven: two parents and five children. The income he generates from his business allows him to help his parents to cover the cost of the family's nutritional, sanitary and clothing needs, as well as its rent, water and electricity bills. In order to strengthen his business, he is requesting a loan of 150,000 francs from UIMCEC so that he can buy telephone credit recharge cards. His ambition is to open a stall in the central market to expand his customer base.
View original language description ↓
L'emprunteur est un jeune célibataire qui a arrété ses études, faute de moyens pour continuer, et qui s'est lancé dans le commerce de téléphones portables et de crédits téléphone prépayés.Il est l'ainé d'une famille de sept personnes dont les deux parents et leurs cinq enfants.Les revenus générés par son activité lui permettent d'appuyer ses parents dans la prise en charge des besoins alimentaires, sanitaires, vestimentaires ainsi que des charges locatives, de factures d'eau et d'électricité de la famille.Pour renforcer son fonds de commerce, il sollicite un pret de 150000f de l'UIMCEC afin d'acheter des cartes de recharge de crédit téléphone.Son ambition est d'ouvrir une cantine au marché central pour élargir sa clientèle.

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
  • $13,150,350
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Alassane to buy telephone credit recharge cards.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013