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Mamadou
Mamadou is a young cattle breeder. He is married and he has a family. He lives in a village located miles away from the main city. He owns a herd of cattle which he takes very good care of. Thanks to his cattle, he produces milk for resale and also periodically resells young bulls at the weekly markets.

Mamadou has started to build a house in his village. This is the reason why he is taking this loan: he would like to buy building supplies to finish the construction of his house and move in it with his family.
View original language description ↓
Mamadou est un jeune éleveur, marié et père de famille. Il habite dans un village situé à des kilomètres de la ville principale. Il possède un troupeau de bœufs dont il s’occupe particulièrement et peut en tirer soit du lait des vaches pour revendre, soit des bœufs à terme qu’il peut revendre dans les marchés hebdomadaires.
Mamadou a entamé des travaux de construction dans son village, c’est d’ailleurs la raison pour laquelle, il sollicite ce crédit pour acheter des matériaux de construction et pouvoir terminer la maison et y déménager avec 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

  • $1,759
    Average annual income
  • 45
    View loans »
    Senegal Loans Fundraising
  • $13,011,300
    Funds lent in using Kiva
  • 482.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $425 helped Mamadou to buy building supplies for his house.
62% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jul 19, 2014
Currency Exchange Loss:
Possible