Thiossane Group


Status: Paying Back

$1,600.00   Loan Amount
0% repaid

About the Group

Group Name: Thiossane Group
Group Members: Moussa Mané
Lamine Sarr
Mamadou Diamé
El Hadji Malick Ndour
Babacar Sarr
Location: Palmerin, Senegal
Activity: Spare Parts

About the Loan

Loan Amount: $1,600.00
Loan Use: To buy and sell spare parts
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 17, 2009
Date Disbursed: Nov 10, 2009
Date Funded:Oct 22, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:440.9882 XOF = 1 USD



Since it's difficult to get to Palmarin because our landing runway is in a really bad shape and since there is a high demand for spare parts, we, the young members of "Thiossane Group", come to Kiva to apply for a loan to buy tin trunks with spare parts for carts and trucks. This loan will enable us to provide hauliers and carters with spare parts and thus enable them to repair their transportation means.

Translated from French by Robert Mouris, Kiva Volunteer


Vu l’accès difficile et l’état défectueux de la piste de Palmarin(http://www.sem-fund.org/palmarin.php), mais aussi la demande croissante de la population en pièces détachées, nous les jeunes du groupement « Thiossane » venons auprès de kiva solliciter un prêt pour la création d’une cantine pour vente de pièces détachées pour les charrettes et voitures. Avec ce prêt, nous mettrons à la disposition des transporteurs et charretiers des pièces détachées de rechange pour assurer la réparation de leurs moyens de locomotion.


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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Jutta
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Journal entries for Thiossane Group


Loan has been disbursed
 
Entrepreneur: Thiossane Group
Location: Palmerin, Senegal

Thank you for your loan. It has been disbursed to Thiossane Group, consisting of Moussa Mané, Lamine Sarr, Mamadou Diamé, El Hadji Malick Ndour, Babacar 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
Nov 10, 2009
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Kiva Help Repayment Schedule for Thiossane Group

  Expected Repayments Actual Repayments Comments
March 2010 $160.00 Available Mar 1  
April 2010 $160.00 Available Apr 1  
May 2010 $160.00 Available May 1  
June 2010 $160.00 Available Jun 1  
July 2010 $160.00 Available Jul 1  
August 2010 $160.00 Available Aug 1  
September 2010 $160.00 Available Sep 1  
October 2010 $160.00 Available Oct 1  
November 2010 $160.00 Available Nov 1  
December 2010 $160.00 Available Dec 1