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El Hadji Assane
El Hadji Assane is a man who lives with his family in a neighborhood instead. Married and a father, he works with clothes and is a tailor for his profession. He asked for a loan of 300,000F to buy a machine and fabrics to satisfy his customers. He has 8 years of experience and begins his day at 10am to finish at 9pm. He supports all expenses of his family. In the future he wants a second sewing shop in the market and with help from the institution so that he can increase revenues and improve the living conditions of his family.
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El hadji Assane est un homme qui vit avec sa famille dans un quartier de la place. Marié et père de famille, il évolue dans la couture, il est tailleur de profession. Il demande ce crédit d’un montant de 300.000F pour acheter une machine et des tissus pour satisfaire ses clients. Il a une expérience de 8 ans et commence sa journée à 10h pour la terminer à 21h. Ill prend en charge toutes les charges des dépenses quotidiennes de sa famille. A L’avenir il souhaite avoir un 2ème atelier de couture dans le marché et cela grâce à l’aide de l’institution. De ce fait il pourra augmenter ses revenus et améliorer les conditions de vie de sa famille.

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.

Tags

About Senegal

  • $2,300
    Average annual income
  • 92
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 484.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $625 helped El Hadji Assane to purchase a sewing machine to fulfill orders.
56% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
Possible