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Fata Ngouss Group
In this Group: Alioune Badara, Awa, Maïmouna, Mariama, Lamine
We are the members of "Fata Ngouss Group" from the ecovillage of Palmarin and come to Kiva to apply for a loan to breed sheep. We want to use the loan to buy sheep at a low price, since we are now in the low season, and fatten them. We intend to sell them mainly for the festivities of Eid al-Kabir, but also when pilgrims return from Mecca.
View original language description ↓
Nous groupement "Fata Ngouss" membres de l'écovillage de Palmarin(http://www.sem-fund.org/palmarin.php), venons solliciter auprès de kiva un prêt pour faire des activités d'embouche ovine . Avec le prêt,comme c'est la basse saison, nous souhaitons acheter des moutons à bas prix, les engraisser et les revendre surtout à l'occasion des fêtes de l'Aîd El Kabir, mais aussi à l'arrivée des pélerins venant de la Mecque.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Senegal

  • $1,759
    Average annual income
  • 9
    View loans »
    Senegal Loans Fundraising
  • $13,179,225
    Funds lent in using Kiva
  • 441.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Fata Ngouss Group's $1,600 loan helped a member to breed sheep.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 10, 2009
Listed
Oct 17, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 20, 2012