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Cheikh
Cheikh lives in Senegal. He is single and he has been working as a tailor for the past nine years. Thanks to this job, he manages to pay for his food and rent, and to cover his water and electricity bills. He is a client of one of the branches of the UIMCEC where he is requesting a loan of 100,000 francs. He will use this loan to buy a sewing machine in order to expand his sewing business.

Cheikh's goal is to increase the profitability of his business through the use of this loan. Increased earnings will allow him to improve his family's diet and to boost his level of savings. He plans to expand his sewing workshop and to take a trip to Canada to further develop his business.
View original language description ↓
Monsieur Cheikh demeure au Sénégal. C’est un homme célibataire et il est couturier. Cela fait maintenant 09 qu’il exerce ce métier grâce auquel il parvient à supporter ses charges de nourriture, de paiement de loyer et de factures d’eau et d’électricité. Il est membre de l’un des guichets l’U-IMCEC ou il sollicite un crédit de 100.000 francs qui sera destiné à l’achat d’une machine à coudre pour élargir son activité de couture. Son intention est d’accroitre sa rentabilité a travers ce projet de financement. Par conséquent l’accroissement de ses gains lui permettra de rendre meilleur les conditions alimentaires de sa famille et de hausser son niveau d’épargne. Il projette d’agrandir son atelier de couture et de partir en voyage au canada afin de mieux développer son activité.

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
  • 43
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 501.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Cheikh to buy a sewing machine.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014