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Ablaye
This borrower is called Ablaye; he is 30 years old, married, and a father of four. Ablaye has been active in commerce since 2003. He opened a store in a bus station, where he sells TV sets, radios, DVD's, and mobile phones. He is a regular at the microfinance institution IMCEC, since he is on his ninth loan. He has turned to IMCEC whenever he needs to bolster his capital.

Ablaye works from 8 AM to 10 PM running his business by himself. He possesses a customer base whose loyalty he has earned by his constant inventory of goods he maintains in his store.

Ablaye is responsible for his family's food and care. And thanks to the profits his business brings in, he can save money and think about opening another store in the future in order to maximize his profit.
View original language description ↓
L’emprunteur s’appelle Ablaye ; il est âgé de 30 ans, marié et père de 4 enfants. Ablaye s’active dans le commerce depuis 2003. Il a ouvert un magasin dans la gare routière où il vend des téléviseurs, des radios, des dvd, des portables. Il est un habitué de l’IMCEC car il est à son neuvième crédit. Il faisait recours à l’IMCEC à chaque fois qu’il avait besoin de renforcer son capital. Ablaye travaille de 8h à 22h et gère lui-même son activité. Il possède une clientèle qu’il a fidélisée grâce au stock permanent qu’il détient dans sa boutique.
Ablaye s’occupe de nourrir sa famille et de l’entretenir. Et grâce aux bénéfices que rapporte l’activité, il peut épargner et penser ouvrir dans l’avenir un autre magasin pour maximiser son profit.

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.

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About Senegal

  • $2,300
    Average annual income
  • 42
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 486.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Expired
A loan of $825 helped Ablaye to purchase TV sets, radios, DVDs, and mobile phones to resell.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 9, 2013