Marie Noël Diabone


Status: Paid Back

$1,375.00   Loan Request
$1,375.00   Paid Back

About the Entrepreneur

Name: Marie Noël Diabone
Location: Oussouye, Senegal
Activity: Traveling Sales

About the Loan

Loan Amount: $1,375.00
Loan Use: Purchase of village products (palm brooms, oysters, lemon juice, dried fish) and transportation to market
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Dec 11, 2006
Date Disbursed: Dec 27, 2006
Date Funded:Dec 13, 2006
Loan Ended:Jan 2, 2008

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:United States Dollars (USD)



This is a group loan to be shared by nine women from the village of Oussouye in the Casamance region of southern Senegal. Represented by their leader Marie Noël Diabone, the women plan to purchase goods produced in their village, including brooms made from palm fronds, oysters, lemon juice, dried fish; and to sell them in distant markets where they fetch much higher prices. Loan funds will cover both the purchase of these goods and their transport to market. The group describes their business as follows:



“This enterprise consists of small-scale trade in seafood and forest products. These products are very numerous in our area, and will be sold in other regions of the country.
The purpose of the loan is to help secure self-sufficiency in food, improve nutrition, reduce migration from rural areas, and create employment for young people. Our business activities will be conducted as follows:


• Purchase of the products locally


• Sale of the products in other areas where they are scarce”



Original French:



« Contexte du Projet. : Ce projet est un projet de petit commerce de produits halieutique et forestier. Ces produits sont très nombreux dans notre localité et seront vendus dans les autres régions du pays.


Objectifs du Prêt : : L’objectif du projet est :


- Aider à assurer l’auto suffisance alimentaire


- Améliore l’alimentation


- De ré réduire les problèmes de l’exode rural


- Créer de l’emploi pour les jeunes


Activités : Ces activités seront menées comme suite :


- Achats de produis au niveau local


- Vente des produits dans les autres localités ou il manque »



Background



Senegal is one of the world’s poorest countries, yet its solid democratic tradition and highly developed associational life distinguish it from other countries in its income group. Especially remarkable are Senegal’s networks of rotating savings and credit associations, known as tontines. Commonly organized by groups of twenty to thirty housewives who live in the same village, the tontines provide poor women throughout the country with small loans to finance modest income-generating activities. Repayment rates within these associations are excellent, because they are based on local reputation and personal trust between the members. However, their financial resources are limited to the contributions of their members, frequently subsistence farmers with very little disposable income. This has prevented the traditional tontines from meeting the demand for rural microenterprise loans and restricted their impact on the economic development of their communities. Senegal Ecovillage Microfinance (SEM) works to bridge this gap by linking traditional village credit associations with outside sources of finance.


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Journal entries for Marie Noël Diabone


Loan has been disbursed
 
Entrepreneur: Marie Noël Diabone
Location: Oussouye, Senegal

Thank you for your loan. It has been disbursed to Marie Noël Diabone by Senegal Ecovillage Microfinance Fund in Senegal. We are excited to watch this business grow. Over the next 10 - 16 months, Senegal Ecovillage Microfinance Fund will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Julia Blue from Oussouye, Senegal
Feb 2, 2007
Comment on this entry

Message from Marie Noel Diabone
 
Entrepreneur: Marie Noël Diabone
Location: Oussouye, Senegal

"I won't say anything just now, because my heart is full, and I just say thank you."

« Pour cette fois je ne dirais rien car mon cœur est gros et je vous dis seulement merci. »

Note: The SEM staff has translated this message into French and English, staying as close to the speaker's original words as possible.


Posted by Julia Blue from Oussouye, Senegal
Mar 13, 2007
Comments (1)

Message from Prudence Sambou, group member
 
Entrepreneur: Marie Noël Diabone
Location: Oussouye, Senegal

« We don’t expect to have any problems because we have a lot of experience in this business, but you never know – I hope not anyway. SEM has been a great support for us, because we had worked together for a long time but lacked the means to get ahead. These days, though, I believe we’ve gotten ahead for good.”

“ Nous ne devrons pas avor de problèmes avec notre expérience de terrain mais on sais jamais en affaire tout peut arriver et c’est pas souhaitable.

Le SEM pour nous et un renforcement car cela fait longtemps que nous travaillons ensemble, mais c’est les moyens qui faisaient défaut ; de nos jours je croix que nous sommes parti pour de bon. »

Note: The SEM staff has translated this message into French and English, staying as close to the speaker's original words as possible.


Posted by Julia Blue from Oussouye, Senegal
Mar 22, 2007
Comment on this entry

Message from Clementine Diatta, group member
 
Entrepreneur: Marie Noël Diabone
Location: Oussouye, Senegal

« As before, our experience is helping us in our work, and we’ve done very well with the first vegetable harvest, especially since we calculated the timing to coincide with the holidays [Independence Day and Easter]. »

« Comme la dernière fois, notre expérience est entrain de nous aidée dans le travail, et nous avons constater que la première récolte de légume nous a fait du bien surtout que la période était calculée avec les fêtes. »

Note: The SEM staff has translated this message into French and English, staying as close to the speaker's original words as possible.


Posted by Julia Blue from Oussouye, Senegal
Apr 17, 2007
Comments (3)

Journal Boudiogo
 
Entrepreneur: Marie Noël Diabone
Location: Oussouye, Senegal

De: Caroline Manga

Nous n’avons aucun problème depuis que nous avons reçu le financement de Kiva. Car nous arrivons à subvenir à nos besoins et ce de nos familles. Tout marche à merveille et nous souhaitons que cela puisse continuer afin que d’autres puissent en bénéficier comme nous. Car cette expérience est nouvelle et toute la population souhaite en profiter pour essayer de développer notre village. Nous remercions vivement Kiva et SEM qui se sont positionnés comme des structures de soutien aux pauvres.


Posted by Boubacar Sarr from Oussouye, Senegal
Dec 1, 2007
Comments (1)

Kiva Help Repayment Schedule for Marie Noël Diabone

  Expected Repayments Actual Repayments Comments
March 2007 $137.50 $0.00 Repayment Received
April 2007 $137.50 $0.00 Repayment Received
May 2007 $137.50 $125.00 Repayment Received
June 2007 $137.50 $125.00 Repayment Received
July 2007 $137.50 $500.00 Repayment Received
August 2007 $137.50 ($375.00) Repayment Received
September 2007 $137.50 $125.00 Repayment Received
October 2007 $137.50 $125.00 Repayment Received
November 2007 $137.50 $125.00 Repayment Received
December 2007 $137.50 $125.00 Repayment Received
January 2008 $0.00 $125.00  
February 2008 $0.00 $115.00  
March 2008 $0.00 $260.00