This is his first UIMCEC loan. He is asking for a loan to diversify his business. He will buy a motorcycle that he can use for transportation services. These services do well in his area. When he's free (he isn't working on construction sites all the time), he will ride his motorcycle in the afternoon.
Ahmadou takes care of his daily household expenses and those of his parents (as he lives with them). In the future, he'd like to buy a vehicle that he can use as a taxi.
Ahmadou s’occupe de la dépense quotidienne de son foyer et de ses parents car il vit en famille.
Il a un projet dans l’avenir, d’acquérir un véhicule aussi pour en faire un taxi.
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 UIMCECThis 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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