Saak Guiss 2 Group


Status: Paying Back

$1,075.00   Loan Amount
27% repaid

About the Group

Group Name: Saak Guiss 2 Group
Group Members: Amy Diambogne Seck
Siga Seck
Tening Sène
Khady Diokh
Diouma Sarr
Location: Palmerin, Senegal
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To buy and sell foodstuff
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 24, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jun 25, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:473.6562 XOF = 1 USD



We are a group of women who live in the eco-village of Palmarin. Having already benefited from a loan, which has been repaid without much difficulty, we want to continue to manage our businesses producing and selling processed foods (peanut butter, couscous, beans, and salt). We wish to be able to furnish the entire village with foodstuff and even to resupply the fishermen with food for their trips on the high seas.

With the initial loan, we were able to build a store house. However, with this new loan, we wish to bolster our capacity to store foods and to change out our salt extraction equipment, which dilapidated.

Translated from French by Dan Kuey, Kiva Volunteer


Nous sommes un groupement de femmes qui habite l'écovillage de Palmarin. Ayant déjà bénéficié d’un prêt qui a été bien remboursé sans difficulté majeure, nous voulons continuer à mener nos activités sur la production et la vente de denrées alimentaire transformées (pâte d'arachide, couscous, haricot, et sel). Nous souhaitons pourvoir fournir tout le village en denrées alimentaires et même ravitailler en nourriture les pêcheurs qui vont en haute mer. Avec le premier prêt, nous avons pu construire un magasin de stockage. Cependant, avec ce nouveau prêt, nous souhaitons renforcer notre capacité de stockage en denrées et changer notre matériel d'extraction de sel qui est vétuste.


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 Saak Guiss 2 Group


Loan has been disbursed
 
Entrepreneur: Saak Guiss 2 Group
Location: Palmerin, Senegal

Thank you for your loan. It has been disbursed to Saak Guiss 2 Group, consisting of Amy Diambogne Seck, Siga Seck, Tening Sène, Khady Diokh, Diouma Sarr 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 Palmerin, Senegal
Jul 10, 2009
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Kiva Help Repayment Schedule for Saak Guiss 2 Group

  Expected Repayments Actual Repayments Comments
October 2009 $97.73 $97.73 Repayment Received
November 2009 $97.73 $97.73 Repayment Received
December 2009 $97.73 $97.73 Repayment Received
January 2010 $97.73 Available Jan 1  
February 2010 $97.73 Available Feb 1  
March 2010 $97.73 Available Mar 1  
April 2010 $97.73 Available Apr 1  
May 2010 $97.73 Available May 1  
June 2010 $97.73 Available Jun 1  
July 2010 $97.73 Available Jul 1  
August 2010 $97.70 Available Aug 1