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Ahmadou
Monsieur Ahmadou has been a bricklayer for over 10 years. He is married and a father.

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.
View original language description ↓
Monsieur Ahmadou est maçon depuis plus de 10 ans, il est marié et père de famille. Il n’a jamais bénéficié de crédit à l’IMCEC et voulant diversifier son activité, sollicite un prêt pour acquérir une moto et faire du transport qui marche bien vers cette zone. Avec ses heures libres, car ce n’est pas tout le temps qu’il a des chantiers, il conduira lui-même la moto l’après-midi.
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.

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
  • 38
    View loans »
    Senegal Loans Fundraising
  • $13,041,875
    Funds lent in using Kiva
  • 484.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $525 helped Ahmadou buy a motorcycle for transportation services.
95% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2015