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Papa Moustapha
The borrower is a young men who provides motorcycle transportation services in the city. He's been doing this job for one year. He's single, but has to support his two parents and his siblings, who attend school.

He's employed for a wage by the owner of the motorcycle, who gives him every evening one third of the daily takings. This small amount of money more or less enables him to cover the family's food expenses, and the school expenses of his siblings.

At this time, he would like to purchase his own motorcycle, and thus maximize his income. For this reason, he's seeking a loan of XOF 400'000 in order to purchase a new motorcycle. He ambitions to build his own house.
View original language description ↓
L'emprunteur est une jeune qui exerce le transport urbain par motocyclette.Il est dans ce métier depuis un an.Il est célibataire mai a la charge de ses deux parents ainsi que ses frères et sœurs qui vont à l'école.Il est employé comme salarié par le propriétaire de la motocyclette qui lui remet chaque soir le tiers de la recette journalière.Ce modeste montant lui permet tant bien que mal de supporter les dépenses d'alimentation de la famille et les frais scolaires de ses frères et sœurs.Aujourd'hui, il voudrait acquérir sa propre moto et maximiser ainsi ses revenus.C'est pour cela qu'il sollicite un pret de 400000f pour acheter une nouvelle motocyclette.Son ambition est de construire sa propre maison.

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

  • $2,300
    Average annual income
  • 41
    View loans »
    Senegal Loans Fundraising
  • $13,487,775
    Funds lent in using Kiva
  • 497.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Papa Moustapha to purchase a new motorcycle.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Jan 31, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012