Yala Yana Group


Status: Paying Back

$1,075.00   Loan Amount
18% repaid

About the Group

Group Name: Yala Yana Group
Group Members: Siga Dione
Fatou Sarr
Marie Diouf
Bollo Dioum
Aïssatou Sarr
Location: Pointe Sarrène, Senegal
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To process seafood
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 19, 2009
Date Disbursed: Aug 10, 2009
Date Funded:Jul 20, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:466.1059 XOF = 1 USD



In Senegal, fishing is an activity that has taken on economic, social, and cultural importance. The eco-village of Pointe Sarrène is found on La Petite Côte and 15 km past Mbour, on the road to Joal. It is characterized by its location on the coast. Wanting to create revenue-generating businesses, we the women of the group "Yala Yana" are requesting a loan from Kiva to process seafood (smoking, mixing, salt drying). We will market the finished products in the weekly markets and in hotels.

Translated from French by Dan Kuey, Kiva Volunteer


Au Sénégal, la pêche est une activité qui revêt une importance économique, sociale et culturelle. L’écovillage de pointe Sarrène se trouve sur la petite côte, à 15 km après Mbour, sur la route de Joal. Il se caractérise par sa situation géographique qui le situe au bord de la mer. Cependant voulant créer des activités génératrices de revenu, nous les femmes du groupement « Yala yana » sollicitons un prêt à Kiva pour faire la transformation (fumage, braisage, séchage au sel) de produits halieutiques. Le produit fini, nous le commercialisons dans les marchés hebdomadaires, les hôtels.


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 Yala Yana Group


Loan has been disbursed
 
Entrepreneur: Yala Yana Group
Location: Pointe Sarrène, Senegal

Thank you for your loan. It has been disbursed to Yala Yana Group, consisting of Siga Dione, Fatou Sarr, Marie Diouf, Bollo Dioum , Aïssatou 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 Pointe Sarrène, Senegal
Aug 10, 2009
Comments (1)

Kiva Help Repayment Schedule for Yala Yana Group

  Expected Repayments Actual Repayments Comments
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 $97.73 Available Aug 1  
September 2010 $97.70 Available Sep 1