Diouromfouk Houssel 2 B Group


Status: Paying Back

$1,450.00   Loan Amount
36% repaid

About the Group

Group Name: Diouromfouk Houssel 2 B Group
Group Members: Mimo Manga
Agnès Sambou
Elisabeth Diétou Senghor
Clara Senghor
Emma Senghor
Location: Mlomp, Senegal
Activity: Food Market

About the Loan

Loan Amount: $1,450.00
Loan Use: purchase of processed seafood and woodland produce (fruits and palm oil)
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 18, 2009
Date Disbursed: Jun 15, 2009
Date Funded:May 19, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:484.2526 XOF = 1 USD



We have just finished reimbursing a loan that was granted to us by Kiva (group led at that time by Aima Senghor - #24505). This loan allowed us to create a group which re-sells woodland produce and seafood that we are going to re-sell in the big cities of our country.

Right now, it is the period where wild fruit is ripe; it is much in demand in the cities. And it is also the moment to buy processed seafood to re-sell during the off-season. Thus, it is for this reason that we have come to request the renewal of the loan that was granted us and that we have just reimbursed in its entirety.

You are the only group who helps poor people like us, who are needy but don't know to whom to turn. That is why we always come to Kiva, with whom we have worked in the past. We intend to re-sell the products in cities.

Translated from French by Teresa Kramer, Kiva Volunteer


Nous venons de finir le remboursement d'un prêt qui nous avait été accordé par Kiva (groupe alors dirigé par Aima Senghor - #24505). Ce prêt nous a servi pour la création d'un groupe qui revend des produits forestiers et halieutiques que nous allons revendre dans les grandes villes de notre pays. En ce moment, c'est la période des fruits sauvages qui sont très demandés dans les villes et c'est aussi le moment pour acheter des produits halieutiques transformés pour les revendre en période hivernale; Donc c'est pour cela que nous venons solliciter le renouvellement du financement qui nous a été accordé et que nous venons de rembourser entièrement. Vous êtes la seule organisation qui aide les pauvres gens comme nous qui sommes dans le besoin et qui ne savent pas où s'adresser. C'est pour cela que nous venons toujours vers Kiva qui a déjà travaillé avec nous de par le passé. Nous comptons revendre les produits en ville.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Diouromfouk Houssel 2 B Group


Loan has been disbursed
 
Entrepreneur: Diouromfouk Houssel 2 B Group
Location: Mlomp, Senegal

Thank you for your loan. It has been disbursed to Diouromfouk Houssel 2 B Group, consisting of Mimo Manga, Agnès Sambou, Elisabeth Diétou Senghor, Clara Senghor, Emma Senghor by Senegal Ecovillage Microfinance Fund (SEM) in Senegal. We are excited to watch this business grow. Over the 10 months of this loan, Senegal Ecovillage Microfinance Fund (SEM) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Mlomp, Senegal
Jun 15, 2009
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Kiva Help Repayment Schedule for Diouromfouk Houssel 2 B Group

  Expected Repayments Actual Repayments Comments
September 2009 $131.82 $131.82 Repayment Received
October 2009 $131.82 $131.82 Repayment Received
November 2009 $131.82 $131.82 Repayment Received
December 2009 $131.82 $131.82 Repayment Received
January 2010 $131.82 Available Jan 1  
February 2010 $131.82 Available Feb 1  
March 2010 $131.82 Available Mar 1  
April 2010 $131.82 Available Apr 1  
May 2010 $131.82 Available May 1  
June 2010 $131.82 Available Jun 1  
July 2010 $131.80 Available Jul 1