Sabes Group


Status: Paid Back

$1,725.00   Loan Request
$1,725.00   Paid Back

About the Group

Group Name: Sabes Group
Group Members: Maty Niang
Niamba Melanie
Mor Gueye
Coumba Mar
Dior Gueye
Seynabou Mar
Location: Thiaroye Sur Mer, Senegal
Activity: Services

About the Loan

Loan Amount: $1,725.00
Loan Use: Buy chairs and tarps for the locations
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 14, 2008
Date Disbursed: Aug 2, 2008
Date Funded:Jul 19, 2008
Loan Ended:Sep 15, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:417.0386 XOF = 1 USD



Within the context of fighting against poverty, under-employment and illegal emigration, SABES is an effective organization within several domains, such as business, fishing, agriculture, and processing fishing products. Every time there is a ceremony (baptisms, marriages, deaths) in Senegal, and particularly in Dakar, there is a need felt by the community to rent chairs and tarps in order to set up a place for their guests. The youth of SABES would like to take out a loan in order to buy chairs and tarps and offer a service to the community that sets up these locations. The goal is to fill the gap left by the effects of the economic difficulties on the main businesses.

Translated from French by Lucia Franzese, Kiva volunteer.



Dans le cadre de la lutte contre la pauvreté, le sous-emploi et l'émigration clandestine, Sabes est une structure agissant dans plusieurs domaines tels que le commerce, la pêche, l'agriculture, transformation des produits halieutiques. Vu qu'au Sénégal particulièrement à Dakar, à chaque fois qu'il y a cérémonie (baptêmes, mariages, décès), nous sentons le besoin de la population à louer des chaises et bâches pour mettre en place leurs invités. C'est pourquoi nous jeunes de SABES, souhaitons avoir un financement pour offrir un service de proximité à la population en achetant des chaises et bâches et faire la location de ce matériel dans le but de combler le vide laissé par nos activités principales touchées par les difficultés conjoncturelles.


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


Subscribe

Lenders to this group

Amy's mom
KivaFriends.org, Midwest
United States

Anonymous
Flushing, NY
United States

jelly
Prague,
Czech Republic

Sara
Winnetka, IL
United States

FairSpirit microkrediet
Utrecht, Utrecht
Netherlands

Adrienne
Heathmont, Victoria
Australia

Jessica
Sydney, NSW
Australia

Hany
Downsville, LA
United States

Sharon
Tel Aviv,
Israel

EGLweb.org
Bethesda, MD
United States

Anonymous
Kowloon Bay, Kowloon
Hong Kong

Alim
Dallas, TX
United States

Ali
Cave Creek, AZ
United States

Paolo
Trento, Trento
Italy

Brad
San Francisco, CA
United States

Paulo
S Miguel, Azores
Portugal

Per M
Drammen,
Norway

Gail and Gary
Bellingham, WA
United States

Anonymous
seattle, WA
United States

Brian
Mohnton, PA
United States

Luca B.
Corbetta, Milano
Italy

sheldon
SONOMA, CA
United States

karola
bruehl,
Germany

Justin
Baltimore, MD
United States



Journal entries for Sabes Group


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

Thank you for your loan. It has been disbursed to the SABES group, consisting of Seynabou Mar, Dior Gueye, Coumba Mar, Mor Gueye, Niamba Melanie, Maty Niang by Senegal Ecovillage Microfinance Fund (SEM) in Senegal. We are excited to watch this business grow. Over the next 12 months, 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
Aug 2, 2008
Comment on this entry

Mise à jour
 
Entrepreneur: Sabes Group
Location: Thiaroye Sur Mer, Senegal

Maty Niang

Nous sommes très contents de Kiva pour nous avoir fait confiance. Pour l'instant nous ne pouvons que louanger les actions de Kiva qui pense vraiment aux gens comme nous qui n'ont pas accès aux crédits qui se font dans les institutions financières. C'est pour cela que nous vous félicitons et vous souhaitons une pérennité dans toutes vos œuvres. Avec le prêt, nous avons pu agrandir notre stock de logistiques (chaises, bâches, poteaux). Mais aussi cela nous a permis d’améliorer nos sources de revenus pour pouvoir faire face aux frais de la scolarité de nos enfants et à la dépense quotidienne.


Posted by Ngone Thiang from Thiaroye Sur Mer, Senegal
Jul 30, 2009
Comment on this entry

Kiva Help Repayment Schedule for Sabes Group

  Expected Repayments Actual Repayments Comments
November 2008 $143.75 $144.00 Repayment Received
December 2008 $143.75 $144.00 Repayment Received
January 2009 $143.75 $143.25 Repayment Received
February 2009 $143.75 $143.75 Repayment Received
March 2009 $143.75 $143.75 Repayment Received
April 2009 $143.75 $143.75 Repayment Received
May 2009 $143.75 $143.75 Repayment Received
June 2009 $143.75 $143.74 Repayment Received
July 2009 $143.75 $143.75 Repayment Received
August 2009 $143.75 $143.75 Repayment Received
September 2009 $143.75 $143.76 Repayment Received
October 2009 $143.75 $143.75 Repayment Received