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El Hadji
El Hadji is a married man who lives in a suburb of the Senegalese capital. For the past 20 years, he has been involved in the purchase and sale of spare mechanical parts. El Hadji begins his workdays at 8:00 in the morning and finishes at 8:00 in the evening.

The income El Hadji earns from his business allows him to pay for his children's tuition and the daily expenses of his family. He is requesting a loan of 500,000 XOF which he intends to use to expand his business. This loan will serve to buy blades and spare parts in order to increase his stock of merchandise and increase the income he earns. This will allow El Hadji to better pay for his children's school fees, and save more money for future needs. His aim is to have a large garage and a fleet of communal transport vehicles.
View original language description ↓
Monsieur El hadji est un homme marié qui habite dans l’une des banlieues de la capitale sénégalaise. Il évolue depuis 20 ans dans le secteur du commerce plus précisément dans le domaine de la mécanique et exerce l’achat et la vente de pièces détachées. Il commence toujours ses activités à 8 heures pour rentrer à 20 heures la nuit. Les revenus que lui procure son activité lui permettent de supporter les frais de scolarité de ses enfants et la dépense quotidienne de sa famille. Il sollicite un crédit de 500 000 frs prévu pour renforcer son de roulement. Le montant emprunté lui servira a acheter des lames et des pièces détachées dans le but d’augmenter son stock et d’ accroitre les bénéfices qu’il réalise. Ainsi il pourra mieux supporter les frais scolaires des enfants, épargner davantage d’argent pour ses besoins futurs. Son projet futur est d’avoir un grand garage et des véhicules de transport en commun.

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
  • 17
    View loans »
    Senegal Loans Fundraising
  • $12,848,050
    Funds lent in using Kiva
  • 497.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped El Hadji to buy blades and spare parts for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014