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El Hadji Abdoulaye
El Hadji is a young, single man who runs a shop selling fodder, most notably groundnut straw. He has been in this line of work for nearly 3 years. He gets his supplies from regions inside the country and resells his products to retail customers. The profits that he earns allow him support himself and take care of his family's food and clothing needs.

In order to increase his working capital, El Hadji is requesting a loan of 500 000 francs so that he can buy 300 sacs of groundnut straw. His aim is to increase his storage capacity.
El Hadji est un jeune célibataire qui tient un magasin de vente de fourrage notamment de la paille d'arachide. Depuis bientôt trois an, il exerce ce commerce.Il s'approvisionne dans les régions de l'intérieur du pays et revend son produit en détail.Les bénéfices qu'il obtient lui permettent de se prendre en charge et de subvenir aux besoins alimentaires et vestimentaires de sa famille. Afin d'e renforcer son fond de commerce, il sollicite un pret de 500000f pour acheter 300 sacs de paille d'arachide. Son ambition est d'agrandir sa capacité de stockage.

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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped El Hadji Abdoulaye to buy groundnut straw.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013