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Mamadou Lamine
Mamadou Lamine is a supervisor in a middle school and has been doing this since 1997. He works from 8 a.m. until 2:30 p.m. He is married and has a three-year-old daughter.

Mamadou Lamine has also been working selling firewood for the past year, and it is to strengthen this business that he is seeking a loan for 600,000 francs. He has a brother in the south who can bring up cheaper firewood by truck, which [Mamadou Lamine can sell].

With these earnings, he can take care of his family's everyday expenses and pay for water and electricity.

His wish is to one day have his own house, which will help improve his family's standard of living.
View original language description ↓
Monsieur Mamadou Lamine est surveillant de profession, il sert dans un C.E.M de la place et exerce le métier depuis 1997. Il travaille de 8h à 14h 30mn. Il est marié et père d’une petite fille de 3 ans. Il s’active aussi dans le commerce de bois de chauffe depuis seulement 1 an et c’est pour renforcer cette activité qu’il vient solliciter un crédit de 600 000F. Mamadou Lamine a son frère qui est au sud du pays où se vend moins cher le produit et c’est ce dernier qui se charge de chercher la marchandise et de le lui envoyer par camion.
Avec son revenu salarial, il s’occupe de la dépense quotidienne de la famille, du payement d’eau et de l’électricité.
Son vœu est d’avoir sa propre maison dans le cadre d’améliorer les conditions de vie de son foyer.

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

  • $1,759
    Average annual income
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,155,075
    Funds lent in using Kiva
  • 480.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,250 helped Mamadou Lamine to buy firewood to resell.
43% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2014
Listed
Jul 4, 2014
Currency Exchange Loss:
Possible