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Kawral 2 Group
In this Group: Lamo, Mbourel, Marième, Seynabou, Awa, Marième, Yaka, Aida, Bombo, Mariama, Mame Faty, Codou
For many years, the village of Gouygui has been a socio-economic centre for the rural community of Dendy. However, due to multiple years of drought as well as the effects of desertification, the circle of poverty has greatly increased and has thrown this population into precarious conditions. With the renewal of this loan, the goal will be to create new financial resources for community members who develop small inter-village businesses selling local products. The strategy rests upon the ability of the group to purchase and stock enough raw materials to create a working capital and to satisfy the demand of the weekly markets in the neighbouring rural communities. They will have to purchase raw materials when the price is very low, stock the materials, then organise the redistribution of these materials throughout the year. Food products will be given priority in this business.
View original language description ↓
Le village de GOUY GUI a longtemps polarisé les activités socio économiques de la communauté rurale de DENDEY ; mais avec les multiples années de sécheresse et les conséquences de la désertification, le cercle de la pauvreté s’est beaucoup élargi et a basculé les populations dans une précarité très prononcée. L'objectif de ce renouvellement du prêt est de participer à la création de nouvelles ressources financières au bénéfice des membres en développant des activités de petit commerce inter-villageois avec les produits locaux. La stratégie repose sur la capacité du groupement à acheter et stocker assez de matière première pour constituer un fond de roulement et satisfaire la demande au niveau des marchés hebdomadaires, des communautés rurales voisines. Il s’agira d’acheter de la matière première au moment où le prix est très bas, de la stocker, puis organiser la redistribution pendant toute l’année. Les produits alimentaires seront privilégiés dans la commercialisation.

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
  • 10
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 440.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kawral 2 Group's $1,625 loan helped a member the purchase and resale of food products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Sep 13, 2008
Listed
Aug 27, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2009