Celestin Dognon


Status: Paid Back

$375.00   Loan Request
$375.00   Paid Back

About the Entrepreneur

Name: Celestin Dognon
Location: Porto-novo, Benin
Activity: Farming

About the Loan

Loan Amount: $375.00
Loan Use: cultivating 1.5 hectares in corn (maize) and hot peppers
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 14, 2008
Date Disbursed: Dec 22, 2008
Date Funded:Dec 14, 2008
Loan Ended:Aug 15, 2009

About the Country

Country:Benin
Avg Annual Income:$1,500.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:516.0119 XOF = 1 USD



Celestin Dognon, 39, is a farmer, married and the father of four children, of whom one is enrolled in school. He lives in the district of Houedome, one of four enclaves that make up the township of Dangbo, more precisely, in the village of Ahovilekome.



He works his field after the river waters recede. His primary activity is growing maize (corn), niébé (cowpeas), vegetables, okra, and tomatoes. In general the population works growing market gardens after the river waters recede and during the rainy season.



The local practice of selling off crops before the harvest does not provide them with security, on the contrary, it bankrupts them. This practice involves selling the future harvest at rock-bottom prices to an affluent person to get hold of the money required for farming. Tired of this practice, he has asked for a loan of 190,000 FCFA to farm about 1.5 hectares of the aforementioned crops.



Translated from French by Teresa Kramer, Kiva Volunteer


Agé de 39 ans, DOGNON CELESTIN est un producteur agricole, marié et père de 4 enfants dont 1 scolarisé. Il réside dans l’arrondissement de HOUEDOME, un des 4 arrondissements enclavés que compte la commune de DANGBO et précisément dans le village AGONGUÊ. Il travaille son champ après le retrait de la crue. Son activité principale est la culture du maïs, du niébé, des légumes, du gombo, de la tomate. En générale, la population s’adonne à la production vivrière après la décrue et pendant la saison pluvieuse. La pratique dans le milieu qui consiste au bradage des récoltes ne les sécurise pas et les runes d’avantage. Cette pratique est la vente à un prix dérisoire de la récolte future a un nantis pour disposer de la somme nécessaire aux travaux champêtres. Fatigués de cette pratique il sollicite un prêt de 190 000 FCFA pour l’exploitation d’environ 1,5hectares des spéculations susse indiquées.

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Luther College
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Journal entries for Celestin Dognon


Loan has been disbursed
 
Entrepreneur: Celestin Dognon
Location: Porto-novo, Benin

Thank you for your loan. It has been disbursed to Celestin Dognon by Alidé in Benin. We are excited to watch this business grow. Over the 8 months of this loan, Alidé will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Porto-novo, Benin
Dec 22, 2008
Comments (1)

Journal
 
Entrepreneur: Celestin Dognon
Location: Porto-novo, Benin

DOGNON Célestin a investi le crédit qu'il a eu de ALIDé dans ses activités champêtres. Célestin a gardé ses récoltes et les a vendues quand le prix des denrées a atteint son maximum. Ainsi, Célestin a fait beaucoup de revenus grâce au crédit d'ALIDé. Célestin a utilisé une partie de ses revenus pour subvenir à ses besoins et à ceux de sa famille pendant la saison morte et il a gardé la seconde partie pour la récolte prochaine. Mais, Célestin dit avoir toujours besoin du soutien financier de ALIDé pour augmenter la superficie de terre qu'il cultive.


Posted by Ercilla HOUNEDO from Porto-novo, Benin
Aug 25, 2009
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Kiva Help Repayment Schedule for Celestin Dognon

  Expected Repayments Actual Repayments Comments
March 2009 $46.88 $46.87 Repayment Received
April 2009 $46.88 $46.87 Repayment Received
May 2009 $46.88 $46.87 Repayment Received
June 2009 $46.88 $46.87 Repayment Received
July 2009 $46.88 $46.88 Repayment Received
August 2009 $46.88 $93.75 Repayment Received
September 2009 $46.88 $46.89 Repayment Received
October 2009 $46.84 $0.00 Repayment Received