Ardica 2 Group


Status: Paying Back

$1,375.00   Loan Amount
72% repaid

About the Group

Group Name: Ardica 2 Group
Group Members: Berthine M Corréa
Ousmane Thior
Maïmouna Mbaye
Babacar Barro
Mamadou Barro
Location: Carabane, Senegal
Activity: Poultry

About the Loan

Loan Amount: $1,375.00
Loan Use: To buy chicks and supplies for raising chickens
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 17, 2008
Date Disbursed: Feb 13, 2009
Date Funded:Dec 17, 2008

About the Country

Country:Senegal
Avg Annual Income:$1,759.00
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:516.0119 XOF = 1 USD



We already have experience in the field of raising and selling poultry. This is why we are coming to Kiva to ask for financing for carrying out our work, on which we have already received training. This is our second experience with regard to Kiva loans that our association has succeeded in repaying on time. We decided to do something else this time to supply our eco-village with fryer chickens. Meanwhile, the surrounding villages, which go to a lot of effort to get such chickens, can also be supplied by us.

Translated from French by Dan Kuey, Kiva Volunteer



http://sem-fund.org/carabane.php

Nous avons déja une expérience dans le domaine de la production et la vente de volailles. C'est pour cela que nous venons auprès de Kiva demander un financement pour pouvoir mener à bien une activité pour laquelle nous avons déja reçu une formation. Nous somes à notre deuxième xpérience en ce qui concerne les prêts de Kiva, que notre association a réussi à rembourser à temps et que cette fois-ci nous avons décidé de faire autre chose pour fournir notre écovillage en poulet de chaire et en même temps en fournir dans les villages qui nous entoure et qui vont très loins pour en chercher.


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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Journal entries for Ardica 2 Group


Loan has been disbursed
 
Entrepreneur: Ardica 2 Group
Location: Carabane, Senegal

Thank you for your loan. It has been disbursed to the Berthine M Corréa group, consisting of Berthine M Corréa, Ousmane Thior, Maïmouna Mbaye, Babacar Barro, Mamadou Barro 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 Carabane, Senegal
Feb 13, 2009
Comment on this entry

Mise à jour
 
Entrepreneur: Ardica 2 Group
Location: Carabane, Senegal

Nous sommes vraiment très chanceux d'avoir eu ce prêt de Kiva, qui est arrivé au bon moment. En ce moment, nous ne pouvons que nous féliciter de la réussite de notre élevage et ceci grâce à Kiva. aujourd'hui, nous pouvons lever la main et dire que c'est kiva et ses partenaire qui aident vraiment les pauvres dans les écovillages. D'abord pour la facilité de l'accès au crédit, ce qui n'était même pas imaginable il y a peu de temps dans notre zone. Cette fois nous sommes parvenues à faire des économies et ainsi faire face aux besoins de nos familles. Car comme vous pouvez le constater, nous sommes des personnes âgées et responsables de famille en retraite ou au chômage. C'est pour cela que le prêt que Kiva nous a accordé est très important.


Posted by Boubacar Sarr from Carabane, Senegal
Nov 16, 2009
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Kiva Help Repayment Schedule for Ardica 2 Group

  Expected Repayments Actual Repayments Comments
May 2009 $125.00 $125.00 Repayment Received
June 2009 $125.00 $124.99 Repayment Received
July 2009 $125.00 $125.00 Repayment Received
August 2009 $125.00 $125.00 Repayment Received
September 2009 $125.00 $125.01 Repayment Received
October 2009 $125.00 $125.00 Repayment Received
November 2009 $125.00 $125.00 Repayment Received
December 2009 $125.00 $125.00 Repayment Received
January 2010 $125.00 Available Jan 1  
February 2010 $125.00 Available Feb 1  
March 2010 $125.00 Available Mar 1