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Cheikh Tidiane
Mr. Cheikh A Tidiane is a retiree who lives in a village in Senegal. To avoid being idle in his retirement, he chose to launch a business enabling him to earn income beyond his pension, so he can continue supporting himself and even attend to his family. He sells butane gas at a spot located near the district market where he lives.

He is a member of the area's U-IMCEC branch where he has already paid back a previous loan. He is requesting a loan of 500,000 francs for bolstering his working capital to purchase butane, which will increase the distribution for his customers.

He is married and helps in managing family expenses. He has several years of experience in his business (selling gas cylinders at the same time). His day starts at 9 AM and ends at 6 PM. With this financing and the revenue increases, he would like to pay for his grandchildren's schooling costs and also to help improve his family's food situation. His wish for the future is to acquire another storehouse and sell butane and gas cylinders.
View original language description ↓
Monsieur Cheikh A Tidiane est un homme retraité qui vit dans une des localités villageoises du Sénégal. Afin de ne pas rester oisif après la retraite il a choisi de se lancer dans le commerc ce qui lui permettra de gagner des revenus additionnels a sa pension afin de pouvoir continuer a subvenir a ses besoins primaires voire assister sa famille. Il pratique la vente de gaz butane dans un local situé a proximité du marché du quartier de sa zone d’habitation. Il est membre du guichet de l’UIMCEC de la zone, ou il a déjà remboursé un prêt antérieur. Il sollicite un crédit de 500 000 frs prévu pour renforcer son fond de roulement pour l’achat de gaz afin d’augmenter la distribution pour sa clientèle. Il est marié et participe a la gestion des charges de la famille. Il a une expérience de plusieurs années dans son activité( en même temps il commercialise aussi des bonbonnes de gaz. Il démarre sa journée de travail a 9 heures le matin pour terminer a 18 heures de l’après midi. Avec ce financements et l’augmentation de ses revenus il souhaite prendre en charge la scolarité de ses petits fils et aussi contribuer a l’amélioration des conditions alimentaires de sa famille.. Son vœu futur consiste a acquérir un second magasin de dépôt et vente de gaz et de bonbonnes.

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

  • $1,759
    Average annual income
  • 21
    View loans »
    Senegal Loans Fundraising
  • $12,847,875
    Funds lent in using Kiva
  • 504.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Cheikh Tidiane to purchase butane to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
Jun 1, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014