Ndiaye Et Freres Group

Status: Paid Back

$1,375
Loan Request
Disbursed : Sep 2, 2008
Listed: Aug 18, 2008
Funded: Aug 19, 2008
$1,375
Paid Back
Ended: Oct 15, 2009

About the Country

Country:Senegal
Avg Annual Income:$1,759
Currency:Communauté Financière Africaine Francs BCEAO (XOF)
Exchange Rate:439.7618 XOF = 1 USD


In this Group:
Ali Niasse, Moussa Balde, Samba Ndiaye, Mamadou Ndiaye

About the Loan

Location: Ziguinchor, Senegal   Repayment Term: 14 months
(more info)
Activity: Metal Shop   Repayment Schedule: Monthly
Loan Use: Manufacturing of cooking pots   Currency Exchange Loss: Covered
      Default Protection: Covered
NDIAYE and Bros. is a young people’s business run by Mamadou Ndiaye. To boost their activity, they are requesting a loan to increase their working capital. This will enable them to better meet the ever growing demand. This way, they will be able to provide for themselves.



Translated from French by Véronique Fourment, Kiva volunteer.



NDIAYE ET FRERES une entreprise de jeunes dirigee par Mamadou Ndiaye. Pour accroitre leurs activites, ils sollicitent ce pret pour lui permettre d'accroitre son fond de roulemement en vue de mieux faire face a la demande qui est de plus en plus croissant. Ainsi ils pourront se prendre en charge.




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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Lenders to this group

ST JAMES UNITED CHURCH
Waterdown, ONTARIO CANADA
Canada

David
Lexington, KY
United States

Olivier
lausanne,
Switzerland

Darwin
Atlanta, GA
United States

Claus-Peter
www.kivafriends.org,
Germany

Anonymous
Valley Stream, NY
United States

Michael
Raleigh, NC
United States

ken
Carstairs, Alberta
Canada

Us
Boulder, CO
United States

David
Washington , DC
United States

Joseph
Edmonton, AB
Canada

Dad & Danika
Kingston, Ontario
Canada

Margaret kivafriends.org
Fairfield County, Connecticut
United States

Mark
Forest Grove, OR
United States

Jessica
Newton, MA
United States

Jennifer
Eden Prairie, MN
United States

Dan
Lomita, CA
United States

Theo
Chicago, IL
United States

Hart
Minneapolis, MN
United States

Evan
Los Gatos, CA
United States

Gustavo
West Chester, PA
United States

dona&ed
ENCINITAS, CA
United States

Steve
Raymond, ME
United States

mike
huntington woods, MI
United States

joan-patricia
laval, Quebec
Canada

Anonymous
London, London
United Kingdom

Mark
Vijfhuizen,
Netherlands

Burk
Portland, OR
United States

Sharon

United States

Peter
Portland, OR
United States

Celine
Buffalo, NY
United States

Andika
Columbus, OH
United States

Barb
Sherwood Park, Alberta
Canada

Andreas
Marxheim,
Germany

Louie
Winnetka, IL
United States



Journal entries for Ndiaye Et Freres Group


Loan has been disbursed
 
Entrepreneur: Ndiaye Et Freres Group
Location: Ziguinchor, Senegal

Thank you for your loan. It has been disbursed to the NDIAYE ET FRERES group, consisting of Mamadou Ndiaye, Samba Ndiaye, Moussa Balde, Ali Niasse by UIMCEC, a partner of Christian Children's Fund in Senegal. We are excited to watch this business grow. Over the next 12 months, UIMCEC, a partner of Christian Children's Fund will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ziguinchor, Senegal
Sep 3, 2008
Comment on this entry

Kiva Field Update - Message from Senegal
 
Entrepreneur: Ndiaye Et Freres Group
Location: Ziguinchor, Senegal

Hi Kiva lenders!

You are receiving this journal update to thank you for the Kiva loan you made to a client of IMCEC, a partner MFI in Senegal, West Africa.

IMCEC (also known as "UIMCEC") is working on putting in place an efficient, well-oiled system for sending journal updates. However, for the moment, they're a bit behind schedule! Please accept the video below in lieu of your regularly scheduled journal update. I hope that, through this video, you will feel a stronger connection to IMCEC and its clients. As you will see, there is lots of energy and life that goes into running an MFI, and IMCEC and its borrowers are grateful for the support of Kiva and lenders like you.

Enjoy the video, and thank you for your continued support of Kiva and IMCEC!

Best regards,

Abby Gray

Kiva Fellow in Senegal


Posted by JD Bergeron, Kiva Staff, from San Francisco, United States
Jun 11, 2009
Comments (19)

Kiva Help Repayment Schedule for Ndiaye Et Freres Group

  Expected Repayments Actual Repayments Comments
December 2008 $114.58 $115.00 Repayment Received
January 2009 $114.58 $114.17 Repayment Received
February 2009 $114.58 $114.58 Repayment Received
March 2009 $114.58 $114.58 Repayment Received
April 2009 $114.58 $114.58 Repayment Received
May 2009 $114.58 $114.58 Repayment Received
June 2009 $114.58 $114.58 Repayment Received
July 2009 $114.58 $114.58 Repayment Received
August 2009 $114.58 $114.58 Repayment Received
September 2009 $114.58 $114.57 Repayment Received
October 2009 $114.58 $114.58 Repayment Received
November 2009 $114.62 $114.62 Repayment Received