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Lamine
Mr. Lamine lives in Senegal. He is single and has been in business for over 10 years in order to support himself and also help out his parents. He has been selling spare parts for over 10 years. The revenues from his business allow him to take care of his rent and food expenses. He starts his working day at 9 AM and finishes at 7 PM. He is a member of a branch of UIMCEC and has already repaid two prior loans. He is seeking a loan of 500,000 West African francs intended to buy spare parts and reinforce his stock. His goal is to increase his revenues in order to be able to better provide for his needs and bolster his working capital. His future plans include opening stores of spare parts in different areas of the capital.
View original language description ↓
Monsieur Lamine réside au Sénégal. Il est célibataire et exerce l’activité de commerce depuis plus de 10 ans pour subvenir a ses besoins personnels et en même temps assister ses parents. Il pratique la vente de pièces détachées depuis plus de 10 ans. Les revenus que lui procure son activité lui permettent de prendre en charge sa location et sa nourriture quotidienne. Il démarre sa journée de travail à 9 heures pour renter à 19 heures. Il est membre d’un des guichets de l’UIMCEC ou il a déjà remboursé 2 prêts antérieurs. Il sollicite un crédit de 500 000 frs prévu pour l’achat de pièces détachées en vue de renforcer son stock. Son objectif est d’accroitre davantage ses bénéfices afin de pouvoir mieux se prendre en charge et accroitre son fond de roulement. Son projet dans le futur consiste a acquérir des magasins de pièces détachées un peu partout dans la capital.

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
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,515,625
    Funds lent in using Kiva
  • 490.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Lamine to buy spare parts for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2013
Listed
Feb 18, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014