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Cheikh is a 21-year old man who has been buying and selling rechargeable telephone cards for the past two years. He began with the help of his father and his own savings. He is married but does not yet have children; his wife lives with her family in a large family and he makes a monthly contribution for food. He would like to boost his capital and is thus requesting a loan to buy Orange, Tigo and Expresso network cards. His future plans are to expand his business and diversify both his products and services, by selling portable and landline telephones for example.
View original language description ↓
Cheikh, est un jeune de 21 ans qui s’active dans le commerce de cartes téléphoniques rechargeables depuis 2 ans. Il a démarré avec l’appui de son père et avec ses propres économies. Il est marié et n’a pas encore d’enfants, sa femme vit avec ses parents dans la grande famille ; il donne une participation mensuelle pour la nourriture.
Voulant renforcer son capital, il sollicite un crédit pour l’achat de cartes des réseaux orange, tigo et expresso. Comme projet futur, il veut agrandir son commerce et diversifier les produits et services par exemple, vendre en même temps des téléphones portables et fixes.

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.


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.

About Senegal

  • $2,300
    Average annual income
  • 37
    View loans »
    Senegal Loans Fundraising
  • $14,558,450
    Funds lent in using Kiva
  • 484.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
A loan of $1,050 helped Cheikh to buy telephone recharge cards for resale.
Repayment Term
23 months (Additional Information)
Repayment Schedule
Jun 20, 2014
Jul 23, 2014
Currency Exchange Loss:
Aug 22, 2014