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Seydou
This borrower is a young single man who has been driving a city motorcycle taxi for two years. At the end of each day, he earns one third of the day's takings, with the other two thirds going to the owner of the motorcycle. This modest income allows him to meet his own needs and support his parents as best he can.

He has opened an account with UIMCEC and is requesting a loan of 300,000 francs to buy a motorcycle of his own, in order to maximize profits. His goal is to build up a fleet of motorcycles that would be the principal method of transportation in his town.
View original language description ↓
L'emprunteur est un jeune célibataire qui conduit depuis deux ans une motocyclette de transport urbain.Chaque soir, il perçoit une part des recettes journalières dont les deux reviennet au propriétaire de la moto.Ce modeste revenu lui permet de subvenir tant bien que mal à ses propres besoins et de soutenir ses deux parents. Il a ouvert un compte à l'UIMCEC et sollicite un pret de 300 000f pour acheter sa propre motocyclette afin de maximiser ses bénéfices. Son ambition est de constituer un parc de motocyclettes qui constituent le principal moyen de transport dans sa ville.

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
  • 28
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Seydou to buy a motorcycle of his own.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 24, 2013