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Ngagne
Mr. Ngagne lives in Senegal. He is a father and meets the needs of his family with the income provided by his taxi and his commercial business, since he is also a food wholesaler. He has over 10 years' experience in the trade business. However the majority of his income comes from his food store of which he is the manager.

He is a member of one of the U-IMCEC branches. He is requesting a loan of 300,000 francs to buy an engine for his broken down taxi.

He needs this loan to restart his vehicle so that he can continue to bear the food costs of his family, pay the driver's salary, and school fees for his children.

He also wants to improve his family's nutritional conditions. Later, he plans to open a large store selling various products.
View original language description ↓
Monsieur Ngagne habite au Sénégal. Il est père de famille et il subvient aux besoins de celle-ci à l’aide des revenus que lui procure son taxi et son activité commerciale. Il est en même temps commerçant grossiste dans une alimentation. Il a une expérience de plus de 10 ans dans son activité de commerce. Cependant, la majorité de ses revenus émanent de sa boutique d’alimentation dont il est le gérant. Il est membre de l’un des guichets de l’U-IMCEC ou il sollicite un crédit de 300.000 francs CFA destiné à l’achat d’un moteur pour son taxi tombé en panne. Il a besoin de ce crédit pour remettre en marche son véhicule afin qu’il continuer a supporter les charges de nourriture de sa famille, le paiement du salaire du chauffeur, les frais scolaires de ses enfants. Il souhaite aussi parvenir a améliorer les conditions alimentaires de sa famille. Ultérieurement, Il prévoit d’ouvrir un grand magasin de vente de divers produits.

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
  • 42
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 510.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Ngagne buy an engine for his taxi.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
May 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014