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Satening
Satening, who is in his sixties, adores his trade as a jeweler, a trade which has been carried out by his family, from one generation to another. He inherited it from his father, who in turn inherited it from his grandfather. He has some of the tools for his work but has been obliged to replace others with more performing tools. For this reason he needs a loan so he can buy raw materials and some tools. He makes jewelry with gold and silver and has a very loyal customer base, since as far as gold is concerned it is important to deal with a trustworthy person.

Satening is married and father to a large family, which he is able to feed thanks to the income from his business. He is helped by his children who are also laborers; they help with the household expenses.

He has a dream of creating a large family company and building up a reputation throughout the region for the quality of their work.
View original language description ↓

Monsieur Satening, âgé de la soixantaine, adore son métier de bijoutier. Métier qui est exercé par sa famille de générations en générations. Il l’a hérité de son père, qui lui, l’a hérité de son grand père. Quelques outils étaient là mais il a du en renouveler d’autres plus performants pour son travail. C’est aussi l’objet de son crédit afin de pouvoir acheter de la matière première et quelques outils. Il fabrique des bijoux en or et en argent, et possède une clientèle très fidèle car en matière d’or il faut avoir affaire à une personne de confiance.
Satening est marié et père d’une grande famille qu’il nourrit grâce aux revenus de son activité. Il est aidé par ses enfants qui sont ouvriers aussi, ils l’appui dans les charges de la maison.
Il a un rêve, celui de créer une grande entreprise familiale et de se faire connaitre à travers la région de part leur travail bien fait.

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.

About Senegal

  • $2,300
    Average annual income
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 482.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Satening to buy raw materials and small tools for making gold and silver jewelry for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 12, 2013
Listed
Dec 6, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014