Selection of new entrepreneurial clients

Dieynaba assisted by some local students have started today identifying and selecting some new entrepreneurial clients based on our 'Questionnaire for selection of entrepreneurial clients' which is available now into our 'Database' in the 'Pellital reports and other files' directory.

The Final Report of the pilot program

     Over the course of six months, Pellital financed six entrepreneurial women to start a variety of businesses: sewing, hairdressing, the sale of fish, vegetables, curds and female articles. At the conclusion of our pilot program, we interviewed each woman (except Maty Thioye, the vegetable vendor, who was absent due to travel), to evaluate the impact of the microfinance loan. The report includes:

- A summary of their financial repayment and the qualitative impacts on their lives,

- Conclusions and important decisions made by Pellital,

- Words from our lenders and partners,

- And a cash flow statement of the pilot program.

The report is available in english as well as in french. To access it, go to 'Our Database' and then click on the directory 'Pellital reports'.

We thank everyone who contributed to the success of our pilot program.

Pellital congrats warmly Ms. Julia Kurnia, (a US based volunteer who contributed a lot in making Pellital a reality for the Agnam-Goly village) who got happily married this summer.

All loans have been totally paid.

To the Pellital's lenders,

Thispost is to notify you that you have the possibility to withdraw your repayement or re-lend your money to the entrepreneur women of Agnam-Goly for the next program of micro-lending.

We will maintain the first six borrowers and probably select some other entrepreneurs for the next program.

For any withdrawal of money, please contact Julia Blue (jblue@embarqmail.com). Let us know as well if you decide to re-lend your money.

For your information: we're preparing a financial report as well as an interwiew with the entrepreneur women of Agnam-Goly to look at some social and financial impacts of the loans. This said, you will have an insight on how your loan had helped them.You will be notified assoon asthe reportsare available.

We really appreciated your help!

Second set of loans repayements as of July 2, 2009

The second set loans for which we were raising funds was disbursed, and borrowers were to repay in two installments, one half on April 2, 2009 and the other half on July 2, 2009. Lenders are able to withdraw repayments when the final installment is due or re-lend it to the next set of entrepreneurs. The current repayment status of the loans is as follows:

Kadia Diop (fish seller): $658
Dieynaba Sall (butter milk seller): $132
Fama Mbodji (seamstress): $132
Maty Thioye (vegetables seller): $132


Nb:
1 - Kadia Diop has paid her arrears for an amount of $67.77 for the 1st set of loans repayements of April 2, 2009.
2 - Mari & Penda have paid the another half sum of $113.86 for the last loan of $216.87 they have received in addition to their first loan. But they're planning to pay back their entire loan on July 10 as well as Mariatou Sall, the hairstylist.


Please note that you may visit our website, www.pellital.org, for status updates, receipts and loan transaction documents, and financial records for the Pellital project which will be available very soon.

First set of loans repayements as of April 2, 2009

The first set of loans for which we were raising funds was disbursed, and borrowers were to repay in two installments, one half on April 2, 2009 and the other half on July 2, 2009. Lenders are able to withdraw repayments when the final installment is due. The current repayment status of the loans is as follows:

Dieynaba Sall (butter milk seller): $56.93
Fama Mbodji (seamstress): $56.93
Mariatou Sall (hairstylist): $28.46
Mari & Penda (cloth sellers): $113.86
Maty Thioye (vegetables seller): $56.93
Kadia Diop (fish seller): $216.87

Nb:
1 - Kadia Diop is in arrears for an amount of $67.77
2 - Mari & Penda still have to pay (until the next deadline) another half sum of $113.86 for the last loan of $216.87 they have received in addition to their first loan.

Please note that you may visit our website, www.pellital.org, for status updates, receipts and loan transaction documents, and financial records for the Pellital project.

Best,