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Moustapha
This is a group loan to be shared by the five members of the Ngaye Cordonnerie association, led by Moustapha T.. In their loan application, the group described their business as follows:



“ Context : The business is located in the village of Meckhe, which is famous for its locally crafted shoes, made from cow, sheep and goat leather. The village of Meckhe is also the only village of Senegal where these types of shoes are found.


Objective: To support local artisans, to enable demand for their products to be met robustly, and to create revenue for the villagers, especially the members of our group.


Business activities: Production and marketing of shoes; creation of employment.”



Original French business description:



« Contexte : Le projet se situ dans l’éco village de Méckhé ; village réputé en coordonnerie local avec des peau de : Vache, mouton, et chèvre.
Le village de Méckhé est en outre le seul village du Sénégal ou on trouve des chaussures de ce genre.



Objectif :
Appuyer les artisans locaux
Assurer la forte réponse à la demande
Créer des revenus monétaires pour les populations et en particulier les bénéficiaires.



Activités :


Fabrication de chaussures


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Background


Senegal is one of the world’s poorest countries, yet its solid democratic tradition and highly developed associational life distinguish it from other countries in its income group. Especially remarkable are Senegal’s networks of rotating savings and credit associations, which provide the rural poor throughout the country with small loans to finance modest income-generating activities. Repayment rates within these groups are excellent, because they are based on local reputation and personal trust between the members. However, their financial resources are limited to the contributions of their members, frequently subsistence farmers with very little disposable income. This has prevented the traditional associations from meeting the demand for rural microenterprise loans and restricted their impact on the economic development of their communities. The SEM Fund works to bridge this gap by linking traditional village credit associations with outside sources of finance.

About Senegal

  • $2,300
    Average annual income
  • 42
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Moustapha purchase of materials and equipment for traditional shoemaking business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Apr 11, 2007
Listed
Mar 27, 2007
Currency Exchange Loss:
N/A
Ended:
Jun 16, 2008