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Simon
Simon is married and has worked raising livestock for more than ten years.

He is seeking a loan through UIMCEC for 200,000 francs, because he would like to buy two cows to increase his number of livestock. He works by himself to take care of the cows and is busy from 6 a.m. until 5 p.m., after which he puts the animals in their enclosures.

Simon lives in a family with this parents, brothers, sisters, and his wife and children. He alternates with his brothers to take care of the everyday expenses.

Simon would like to own more cattle and also raise some sheep, especially for the upcoming Tabaski festivals.
View original language description ↓
L’emprunteur s’appelle Simon, il est marié et il s’active dans le domaine de l’élevage depuis plus de 10 ans. Il aimerait augmenter le nombre de ses bêtes et vient solliciter un crédit à l’IMCEC de 200 000f qui lui permettra certainement d’acheter deux vœux. Simon s’occupe lui-même de ses bœufs et reste actif de 6h du matin à 17h, heure à laquelle, il ramène les bêtes à l’enclos.
Simon vit en famille avec ses parents, ses frères, ses sœurs et sa femme et ses enfants. Il partage la dépense quotidienne avec ses frères à tour de rôle.
Il aimerait avoir davantage de bœufs et faire aussi l’élevage de moutons surtout à l’approche des fêtes de la Tabaski.

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
  • 21
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 483.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $425 helped Simon to buy cows to fatten and sell.
92% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 20, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015