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Ndiaga
Ndiaga has been a driver since 2002. He is married and has two children. He drives a car which does not belong to him and for this reason he is requesting a loan of 300,000FCFA to finalise the purchase of his own car. Ndiaga begins his day at 6am and works to 8pm or even 9pm sometimes.

With the profits he makes from his activity, Ndiaga can put aside money and take care of his family. If he had the means he would get at least two cars, so that he could drive one himself, and give the other to his cousin; he would then collect the income by paying him on a monthly basis.
View original language description ↓
Monsieur Ndiaga, est chauffeur depuis 2002.Il est marié et père de deux enfants. Il conduit un véhicule qui ne lui appartient pas, c’est la raison pour laquelle, il sollicite un crédit de 300000F CFA afin de compléter et d’acheter un véhicule pour lui-même. Ndiaga commence sa journée à 6h du matin et travaille jusqu’à 20h ou même 21h parfois.
Avec les bénéfices de son activité, Ndiaga peut mettre de l’argent de coté et s’occuper de sa famille. S’il avait les moyens, il chercherait au moins deux véhicules, l’un qu’il conduirait lui-même, l’autre qu’il donnerait à un de ses cousins et récolterait les recettes, en le rémunérant mensuellement.

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
  • 17
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 479.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Ndiaga to finalise the purchase of a car.
96% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2013
Listed
Jan 17, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015