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Abdoulaye Dioum
Monsieur Abdoulaye lives next to the branch office. He is married and a father.

He is developing his craft. He is asking for a loan in the amount of 400,000F in order to buy iron and aluminum to make cooking pots. He manages his family's daily expenses as well as the schooling fees for his children.

He has more than 20 years experience in his business. He starts working at 9 am and stops at 6pm. In the future, he would like to have a aluminum pot factory so that he could have a monopoly on the market. That way, he could save money, improve his family's living conditions, and renovate his home.
View original language description ↓
Monsieur Abdoulaye habite à coté du guichet, marié et père de famille il évolue dans l’artisanat. Il sollicite ce prêt d’un montant de 400.000F pour acheter du fer et de l’aluminium pour la fabrication des marmites. Il gère les dépenses quotidiennes de sa famille et les frais de scolarité de ses enfants. Il a une expérience de plus de 20ans dans cette activité et commence sa journée à 9h pour la terminer à 18h. A l’avenir il souhaite avoir une usine de production en marmites et aluminium pour avoir le monopole du marché. Ainsi il pourra épargner de l’argent et améliorer les conditions de vie de sa famille et rénover sa maison.

Additional Information

More information about this loan

To reach borrowers who would not normally qualify for loans, UIMCEC has developed partnerships with a number of local organizations created by the poor to promote savings and mutual support. Most members of these organizations take group loans from UIMCEC. Some group members have larger businesses requiring more capital, and therefore receive individual loans. To meet their needs, UIMCEC is offering this loan at a lower interest rate with no material guarantee requirement. By supporting this loan, you are helping poor borrowers access credit at  lower interest rates.

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

  • $1,759
    Average annual income
  • 11
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 482.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Abdoulaye Dioum buy iron and aluminum to make cooking pots.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2013
Listed
Dec 6, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014