Mamadou is a mason who has more than 20 years of experience in his field. He is married and has a family. He is requesting a loan of 400,000 CFA francs in order to purchase some wooden framework and increase his stock (of wood boards), which will prevent him from renting each time he is working on a construction site. This is his first loan.
Mamadou takes care of his family's day-to-day expenses. Thanks to this loan, he will be able to regularly put some money into saving and to improve his family's diet. He would like to expand his stock of wood boards.
Monsieur Mamadou est un maçon qui a une expérience de plus de 20 ans. Il est marié et père de famille. Il vient pour la première fois sollicité un crédit de 400000F CFA pour acheter du bois de coffrage et renforcer son stock, ce qui lui évitera de louer à chaque fois qu’il aura un chantier à exécuter. Mamadou prend en charge les dépenses journalières de sa famille. Il pourra mettre en place une épargne régulière grâce au crédit. Mais aussi améliorer les conditions alimentaires de la famille. Il souhaite agrandir son équipement en planche.
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.