Younousse Diallo


Status: Paid Back

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

About the Entrepreneur

Name: Younousse Diallo
Location: Oussouye, Senegal
Activity: Timber Sales

About the Loan

Loan Amount: $1,375.00
Loan Use: Purchase of wood from sawmills; equipping a storage facility; transportation of the wood to furniture craftsmen and shipbuilders
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Dec 13, 2006
Date Disbursed: Jan 1, 2007
Date Funded:Dec 18, 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 which will be shared by the fifteen members of the Deggoo association in the village of Oussouye in the Casamance region of southern Senegal. The group describes their business plan as follows:



“The Deggoo group is an association of the youth of the Escale neighborhood of Oussouye, who have initiated this project in order to combat unemployment, migration from rural areas, the loss of security for young women and juvenile delinquency. The purpose of the loan is to provide all the traditional furniture craftsmen of the area with wood, as well as the producers of wooden pirogue boats for fishing on the high sea. We will go out and buy boards from the various sawmills of the region in order to meet the demand for wood, which far exceeds the supply in our area. We will set up a building to serve as a storeroom; in this way, therefore, we will start up and manage our wood-selling business.”



Original French:



« Contexte du Projet: Le groupement Deggoo est une association de jeunes du quartier Escale à Oussouye qui à initié ce projet pour lutter contre le chômage, l’exode rural, la déperdition des filles et la délinquance juvénile


Objectifs du Prêt : De pouvoir ravitailler tous les menuisiers du département en bois et lutter contre le chômage, l’exode rural, la déperdition des filles et la délinquance juvénile
aussi les constructeurs de pirogues pour la pêche en haute mer.



Activités : Nous irons achetés des planche dans les différentes scieries de la région afin de pouvoir satisfaire la demande qui est très supérieur l’offre dans le département. Nous aménagerons un local qui nous servira de magasin de stock ; ainsi donc, nous mènerons nos activités commerciales de vente de planche. »



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, which provide the rural poor throughout the country with small loans to finance modest income-generating activities. Repayment rates within these groups 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 associations from meeting the demand for rural microenterprise loans and restricted their impact on the economic development of their communities. Senegal Ecovillage Microfinance (SEM) works with our partner organization CRESP to bridge this gap by linking traditional village credit associations with outside sources of finance.


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Journal entries for Younousse Diallo


Loan has been disbursed
 
Entrepreneur: Younousse Diallo
Location: Oussouye, Senegal

Thank you for your loan. It has been disbursed to Younousse Diallo 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 Younousse Diallo
 
Entrepreneur: Younousse Diallo
Location: Oussouye, Senegal

"We are all supporting families, and I believe that this loan is going to help us with the management of our business activities so that we'll be more at ease."

« Nous sommes tous des soutiens de familles et je croix que ce prêt va nous aider sur le plan de la gestion de nos activités afin de pouvoir être mieux à l’aise. »

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
Comment on this entry

Message from Binta Seydi, group member
 
Entrepreneur: Younousse Diallo
Location: Oussouye, Senegal

« I never thought that anyone in this world would trust a poor person to the point of lending him money, because richer people think that poor people don’t need to improve their lot and they do everything they can to keep us down. This is why I say that all those who have received loans from SEM should redouble their efforts to repay all their loans, so that SEM can expand its lending over all of Senegal.

For us, the work is going well and we haven’t run into any problems so far.”

“ Je ne penser pas que dans ce monde on prouver faire confiance à un pauvre au point de lui prêter de l’argent car les plus riche pensent que le pauvre ne doit pas s’améliorer et ils font touts pour nous enfoncer. Voila pourquoi je dis que tous les bénéficières des financements de SEM doivent redoublés d’effort pour que le SEM puisse s’étendre dans tout le Sénégal en remboursant l’intégralité de leurs dettes.

Pour nous le travail ce passe bien et que nous n’avons pas encore de problème. »

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
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Message from Galle Ba, group member
 
Entrepreneur: Younousse Diallo
Location: Oussouye, Senegal

« We’re on our second stock now. Things are going well, the problems we had with the Water and Forest Services have been solved and the lumber is selling well in the town of Oussouye.”

« Nous en sommes a notre deuxième stock les choses vont bon train notre problème avec les services des eaux et foret est réglé et que les planches sont bien vendues a Oussouye. »

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
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journal de Deggoo
 
Entrepreneur: Younousse Diallo
Location: Oussouye, Senegal

Deggo: Boubacar Seydi

Nous sommes très satisfaits de la situation dans la quelle nous sommes actuellement. Par ce que avec le financement de Kiva, nous sommes devenus des hommes dignes de ce rang, puisque depuis que nous avons commencé à travailler, tout notre groupe est sorti de la pauvreté dans laquelle nous étions depuis des années. Nous arrivons à garantir la dépense quotidienne dans nos foyers et c’est le plus important pour nous.


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

Kiva Help Repayment Schedule for Younousse Diallo

  Expected Repayments Actual Repayments Comments
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 $250.00 Repayment Received
August 2007 $137.50 ($125.00) 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 $137.50 $125.00 Repayment Received
February 2008 $0.00 $115.00  
March 2008 $0.00 $260.00