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Cheikh
Cheikh lives several kilometers from the main city, and is a married father with a family. He wants to improve his family's food conditions, and also supports his own father with the daily household expenses.

Cheikh has worked in transportation for more than six years, and has a car park where he keeps the second-hand cars he buys. In the park he refurbishes his cars, before reselling them. Concerned about all his expenses, he works from 8 am until 7 pm. He has requested a loan of 500,000 francs to make up the money he needs to buy a second-hand car on which he has already agreed a price. With the profits he will make from the sale, he plans to support his father and family financially, as well as to save some money. Cheikh wants to expand his car park one day, so he can earn more money.
View original language description ↓
 Mr Cheikh habite à quelques kilomètres de la ville principale, marié et père de famille, en plus de vouloir améliorer les conditions alimentaires de sa famille, il appuie son père aux dépenses quotidiennes de la maison.
Il s’active dans le transport depuis plus de 6 ans et a un parc automobile où il met les voitures d’occasion qu’il achète pour les retaper avant de les revendre. Soucieux de toutes ses charges il travaille de 8 h à 19 h .Mr Cheikh demande un crédit de 500 000 f pour compléter la somme d’une voiture déjà marchandée, il compte avec le bénéfice qu’il aura de la vente appuyer financièrement son père et sa famille, épargner une partie. Mr CHEIKH veut agrandir un jour son parc automobile afin de gagner plus d’argent.

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
  • 43
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 540.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Cheikh to make up the money he needs to buy a second-hand car on which he has already agreed a price, which he will refurbish before reselling.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013