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Assane
Mr. Assane lives in Senegal. He is married and manages a shop. He chose to work in the scrap metal business 10 years ago in order to support his family. He is a member of l’U-IMCEC where he is requesting a loan of 300,000 francs in order to develop his business activity. His goal is to build up his stock of iron and to increase his financial resources. Indeed, this loan could give him the opportunity to pay his children’s school fees and to improve the diet and living conditions of his family. If he has the means, he would like to improve his family’s home with the income from his business. Also, his plan for the future is to have several locations for collecting scrap metal and to be able to meet his needs independently with his own capital.
View original language description ↓
Monsieur Assane est un habitant du Sénégal. Il est marié et gère un foyer.Il a choisi l'activité de ferrailleur depuis plus de 10 ans en vue d'entretenir sa famille. Il est membre d’un des guichets de l’U-IMCEC où il sollicite un crédit d’un montant de 300.000 francs pour développer son activité de commerce.L'objectif visé est le renforcement de son stock de férail et l'augmentation de ses ressources financières. En effet, ce financement pourrait lui donner l'opportunité d'assurer les frais scolaires de ses enfants et d'améliorer les conditions de vie alimentaires de sa famille. Si les moyens le lui permettent , il souhaite réfectionner le domicile familial a travers les revenus que lui procurent son activité. Par ailleurs, son projet futur est de détenir plusieurs points de vente et de récupération de ferraille et satisfaire indépendamment son besoin en fond de roulement.

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
  • 36
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 519.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Assane to buy scrap metal to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jul 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013