Pencum Demba Group


Status: Paying Back

$1,550.00   Loan Amount
8% repaid

About the Group

Group Name: Pencum Demba Group
Group Members: Khady Mbengue
Leyla Kébé
Maty Fall
Famara Niang
Salimata Guéye
Location: Thiaroye Sur Mer, Senegal
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,550.00
Loan Use: Processing seafood
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 24, 2009
Date Disbursed: Sep 10, 2009
Date Funded:Aug 25, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:457.5538 XOF = 1 USD



Thiaroye is a traditional village of the Lébou people where the principal activity is fishing.  Most of the women's associations are busy in trades involving the processing of seafood, as this is an area of development.  This is why the women of the association Pencum Demba, who are highly conscious of their processed seafood production capacity, have come seeking Kiva to obtain a loan in order to achieve an honest living by the sweat of their brows.

Translated from French by Dan Kuey, Kiva Volunteer


Thiaroye est un village traditionnel Lébou dont l'activité principale est la pêche. La plupart des groupements de femmes s'affairent dans les métiers de transformation de produits halieutiques comme c'est un secteur de développement. C'est pourquoi les femmes du groupement de Pencum Demba très conscientes de leur capacité de production en produits halieutiques transformés sont venus solliciter Kiva pour disposer d'un prêt afin d'arriver à gagner leur vie honnêtement grâce à la sueur de leur front.


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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Lenders to this group

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Brandon
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Astrid
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Mathias
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Amy's mom
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carlo
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Grant & Kim
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Tim & Tina
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Kim
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Kuns Family
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John
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magdalene
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Bandon Unity & Harunas
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Per M
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Anonymous
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Clarissa S
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Russell
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Anna
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Dr. Ali Syed
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Maggie
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Lydia
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Ian Compton
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Mark
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Anonymous
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bella
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Patrick & Myriam
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Mama
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Ralph
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Jason
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Laurie
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Jessica
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james and karen
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maggie
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LeeZu Baxter/Suzi Phlox
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Kelly
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Steph
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Nancy
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Steve
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Emily
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Journal entries for Pencum Demba Group


Loan has been disbursed
 
Entrepreneur: Pencum Demba Group
Location: Thiaroye Sur Mer, Senegal

Thank you for your loan. It has been disbursed to Pencum Demba Group, consisting of Khady Mbengue, Leyla Kébé, Maty Fall, Famara Niang, Salimata Guéye by Senegal Ecovillage Microfinance Fund (SEM) in Senegal. We are excited to watch this business grow. Over the 12 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
Sep 10, 2009
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Kiva Help Repayment Schedule for Pencum Demba Group

  Expected Repayments Actual Repayments Comments
December 2009 $129.17 $129.17 Repayment Received
January 2010 $129.16 Available Jan 1  
February 2010 $129.17 Available Feb 1  
March 2010 $129.17 Available Mar 1  
April 2010 $129.16 Available Apr 1  
May 2010 $129.17 Available May 1  
June 2010 $129.17 Available Jun 1  
July 2010 $129.16 Available Jul 1  
August 2010 $129.17 Available Aug 1  
September 2010 $129.17 Available Sep 1  
October 2010 $129.16 Available Oct 1  
November 2010 $129.17 Available Nov 1