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Climate Change Network in Senegal-Blog
Climate Change Network in Senegal-Blog
PELLITAL: A sustainable poverty-fighting method in rural area?
About this event: 4th World Youth Congress - Quebec City 2008
Related to country: Canada

Translations available in: English (original) | French | Spanish | Italian | German | Portuguese | Swedish | Russian | Dutch | Arabic

For friends of the entrepreneur women of Agnam-Goly. Members make a microloan to an entrepreneur of their choice and get feedback on its impact on her business.

Agnam-Goly (http://en.wikipedia.org/wiki/Agnam-Goly) is an ancient village bordering the Sahara desert in Senegal, West Africa. Its 3,143 inhabitants make a living from herding cattle and farming the banks of the Senegal river. The women of Agnam-Goly supplement their familes' incomes by running their own small enterprises. Most of them earn less than two dollars a day.

Pellital means "commitment" in Fulani, the language spoken in Agnam-Goly. Pellital links the women of Agnam-Goly with the users of Facebook. Here's how it works:

1. We post entrepreneur profiles and loan applications from Agnam-Goly as open groups on Facebook, linked to this page as Posted Items.

2. You can lend any amount to an entrepreneur of your choice with the ChipIn application. Other than PayPal and MoneyGram transfer fees, 100% of your loan is disbursed in local currency to the entrepreneur you selected.

4. The loans are repaid in four monthly installments. Once a loan is fully repaid, the lender may withdraw 100% of the original dollar amount lent. For the current pilot group of loans, we will assume responsibility for repayment if the borrower defaults.

5. Borrowers pay a flat interest fee of 10% of the principal. We are an all-volunteer nonprofit group and interest income is used only for money transfer fees and other necessary operating expenses.

6. During the lending period we keep lenders informed of the impact of their loans by posting updates on each borrower's group page.

Questions? Feel free to post them here, or contact Ganga at gangadiop84@yahoo.fr

Click here to view Pellital's French language group: www.facebook.com/group.php?gid=16317500879.

That is the project I want to share with other Delegates worldwide once in World Youth Congress 2008.
Feel free to share here with me your points of view !
Posté le le 8 mai 2008 à 12:02 (BST) ( permalien | modifier )

May 8, 2008 | 8:39 AM Comments  0 comments

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