Dolly Yakaar Group


Status: Paying Back

$1,050.00   Loan Amount
27% repaid

About the Group

Group Name: Dolly Yakaar Group
Group Members: Mariétou Diallo
Khady Guèye
Bineta Mbengue
Maty Cissé
Sophie Diouf
Location: Thiaroye Sur Mer, Senegal
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,050.00
Loan Use: purchase of raw materials to transform into cereal products
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 17, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jun 18, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:476.2044 XOF = 1 USD



We, the women of the Dolly Yakaar group of the eco-village Thiaroye, work at processing cereals. We have been doing this for a very long time. That is why we have come to Kiva to ask for a loan to bolster our production capability.



With the loan, we will buy bulk quantities of products such as millet, maize, and sorghum so that we don't run out of inventory. Then we will process these cereals to make a finished product called "arraw, thiacri, sankal" that we will give to those members of the group who will sell or distribute it in all possible ways throughout the town.

Translated from French by Teresa Kramer, Kiva Volunteer


Nous les Femmes du groupement Dolly Yakaar de l'écovillage de Thiaroye, nous nous activons dans le domaine de la transformation des produits céréaliers. C'est une activité qu'on exerce depuis très longtemps. C'est pourquoi nous venons auprès de Kiva solliciter un prêt pour renforcer notre capacité de rendement. Avec le prêt, nous allons acheter en grande quantité des produits comme du mil, du maïs, du sorgho pour ne pas avoir de rupture de stock. Après, nous allons les transformer pour avoir un produit fini appelé "arraw, thiacri, sankal" que nous allons donner aux autres membres du groupement qui vont faire la vente et la distribution dans tous les artères de la 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 Dolly Yakaar Group


Loan has been disbursed
 
Entrepreneur: Dolly Yakaar Group
Location: Thiaroye Sur Mer, Senegal

Thank you for your loan. It has been disbursed to Dolly Yakaar Group, consisting of Mariétou Diallo, Khady Guèye, Bineta Mbengue, Maty Cissé, Sophie Diouf by Senegal Ecovillage Microfinance Fund (SEM) in Senegal. We are excited to watch this business grow. Over the 11 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 Thiaroye Sur Mer, Senegal
Jul 10, 2009
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Kiva Help Repayment Schedule for Dolly Yakaar Group

  Expected Repayments Actual Repayments Comments
October 2009 $95.45 $95.45 Repayment Received
November 2009 $95.45 $95.45 Repayment Received
December 2009 $95.45 $95.45 Repayment Received
January 2010 $95.45 Available Jan 1  
February 2010 $95.45 Available Feb 1  
March 2010 $95.45 Available Mar 1  
April 2010 $95.45 Available Apr 1  
May 2010 $95.45 Available May 1  
June 2010 $95.45 Available Jun 1  
July 2010 $95.45 Available Jul 1  
August 2010 $95.50 Available Aug 1