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Modou
Modou is 35 years of age, and has worked with aluminum for the past 10 years. He is married and a father to a 2-year-old child, and has always wanted to have this job from a very young age.

Modou has just requested for the first time a loan of 500,000 francs CFA. He plans to buy an aluminum-cutting machine and reduce his charges, as he currently pays other individuals with these machines to carry out this service for him. He starts work at 9 in the morning, finishes at 6 pm, and receives a lot of orders from his neighbors.

In the future, Modou would like to open a large aluminum workshop.
View original language description ↓
Modou, âgé de 35 ans fait de la menuiserie aluminium depuis plus de 10 ans. Il est marié et père d’un enfant âgé de 2 ans. Il a longtemps voulu faire ce métier depuis le jeune âge. Il vient solliciter pour la 1ère fois un crédit de 500000 F CFA pour acheter une machine de coupure aluminium et diminuer ses charges car il payer pour ce service à d’autres menuisiers qui détiennent cette machine.
Modou commence sa journée à 9h pour la terminer à 18h du soir. Il reçoit beaucoup de commande du voisinage.
Comme projet futur, il aimerait ouvrir un grand atelier de menuiserie aluminium.




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
  • 34
    View loans »
    Senegal Loans Fundraising
  • $13,288,900
    Funds lent in using Kiva
  • 510.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Modou to buy an aluminum-cutting machine for his aluminum workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 17, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013