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Casa Mas Group
In this Group: Méry, Bineta, Ndèye Madeleine, Bineta , Awa
We had already a Kiva loan that we have paid off long ago. However, during our activity, we met a European partner who proposed us to open a restaurant in a large city, in which we could sell the products from our ecovillage. Thus we came to Dakar and found a good location, where we can open a restaurant with a large seat capacity. Now that we have found the perfect location, we come to you and apply for the renewal of our loan. It will enable us to work on a larger scale and secure sustainable employment for each member of our group. We are very confident in our future, thanks to the experience we gained with our first loan. This second loan will help us to broaden our scope, as the first loan was used to open just a small restaurant, but now we will use our gained experience to operate on a larger scale and fully exploit our working capacity.
View original language description ↓
Nous avions déjà eu un prêt de Kiva que nous avons fini de rembourser il y a longtemps(50953). Ce pendant au cours de notre exercice, nous avons rencontrer un partenaire européen qui nous a proposé d'ouvrir un restaurant dans une grande ville , où nous pourrons vendre les produits issus de notre écovillage. C'est ainsi que nous sommes venues à Dakar et avons trouvé un bon emplacement qui peut nous servir de restaurant avec une grande capacité d'accueil. ayant trouvé l'endroit idéal, nous venons auprès de vous pour demander le renouvellement de notre prêt pour que nous puissions oeuvrer de façon plus grand et ainsi avoir un emploi durables pour tous les membres de notre groupe. Nous sommes vraiment très confiantes dans l'avenir grâce à la première expérience que nous avons eu avec le premier prêt. Maintenant, ce deuxième prêt va nous servir à élargir notre champs d'action, car le premier nous a servi à monter un petit restaurant dans le village et que maintenant que nous avons un peu d'expérience, nous voulons exploiter d'une façon plus importante notre capacité à travailler.

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
  • $13,150,350
    Funds lent in using Kiva
  • 438.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Casa Mas Group's $1,600 loan helped a member to equip our new restaurant.
99% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 14, 2009
Listed
Nov 18, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 3, 2011