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Cheikh
Mr. Cheikh lives in Senegal. He is a father, and he has been working in commerce for over ten years. His specialty is selling traditional shoes. With the income this business generates, he meets the needs of his family.

He is a member of a U-IMCEC branch in which he has already repaid three previous loans granted to him. He is requesting a new loan of 600,000 francs CFA with the goal of bolstering his working capital, so that he may expand his product offering. Thanks to this financing, his profits will be able to grow, enabling him to improve his family's food situation and to save more money. Beyond this, he would like to have enough funds to start raising cattle in his village.
View original language description ↓
Monsieur Cheikh vit au Sénégal. Il est père de famille et il évolue dans le secteur du commerce depuis plus de 10 ans. Sa spécialité est la vente de chaussures traditionnelles. A partir des revenus que lui génère cette activité, il subvient aux besoins de sa famille. Il est membre de l’un des guichets de l’U-IMCEC au sein duquel 03 crédits antérieurs lui ont déjà été octroyés. Il sollicite a nouveau un prêt de 600.000 francs CFA dans le but de renforcer son fonds de roulement afin qu’il puisse augmenter son offre de produits. Grace à ce financement, ses bénéfices pourront accroitre pour lui permettre de rendre meilleur les conditions alimentaires de sa famille et d’épargner plus d’épargne. Ultérieurement, il souhaite disposer d’assez de fond pour démarrer l’élevage de bovin au niveau de son village.

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.

Tags

About Senegal

  • $2,300
    Average annual income
  • 43
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 505.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A loan of $1,200 helped Cheikh to order traditional shoes to resell.
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Expired:
Jul 1, 2013