Loan Illustration

Après avoir arrêté mes études en classe de terminale, je me suis aussitôt lancée dans la couture. J'ai recruté un tailleur pour qu'il m'aide dans mon tr…

Production Production

Senegal Senegal

Loan amount €540

Funded 100%

by 11 members

Loan fully repaid by the entrepreneur

Disbursement date: 09/01/2011
Final repayment of the loan: 07/01/2012

MicroWorld's investors have funded: €540

Haoua - Purchase more stock


First name: Haoua
Gender: Female
Age: 48
Marital status: Divorced
Number of children: 2
Region: HLM

Loan Request

Purpose: Purchase more stock
Amount: €540
Duration: 10 months
Loan type: in fine
The loan is reimbursed in one installment at the maturity date of the project (principal and possible interests).
Note: additional time may be necessary for the funds to be credited on the lenders' accounts due to delays in international transfers.

Borrower's quote

Après avoir arrêté mes études en classe de terminale, je me suis aussitôt lancée dans la couture. J'ai recruté un tailleur pour qu'il m'aide dans mon travail. Je sollicite l'appui de MicroCred pour renforcer mes stocks de tissus afin d' accroitre ma productivité et ma part de marché.

Economic and social context



The relative economic and political stability in modern Senegal is a significant feat attributed to the country's growth through microfinance.
Country's key figures - source Worldbank
Population 12 534 228
GNI per capita 1 030 $
Economic Growth 3,30%
Poverty rate (less than 2 USD/ day) 60,4% (en 2005)
Unemployment rate 11,10%
Literacy rate (above 15 years of age) 42%
Life expectancy 56 ans

MFI Status

This loan is managed locally by our field partner MicroCred Senegal which is in charge of administrating the loan and repaying MicroWorld lenders.

You should be aware that lending involves a risk of non-repayment. However, the risk associated with this MFI is considered lower than average.

Rates and transparency

  • This loan does not pay any interest to the lender.
  • Following your loan commitment, you have 7 calendar days to assert your right of withdrawal, by mail at
  • The MFI will reimburse the lender in case of default of the entrepreneur but there is no guarantee or insurance given by the MFI.
  • 100% of the money collected is sent to the MFI, even if the project is not fully funded on the site.
  • The MFI then makes a loan to the micro-entrepreneur and charges an interest rate in order to cover its operational and financial costs.
  • The platform earns a commission from the MFI for the service it provides, which helps to fund its running costs.
  • More effective than a simple donation, micro-credit promotes long-term sustainable economic development rather than short term help.


MicroCred Senegal

MicroCred Senegal

MicroCred Senegal’s mission is to support Micro, Very Small, and Small-to-Medium Enterprises in their development through providing financial services that are appropriate to their needs. By taking a personalized approach, MicroCred Senegal assists merchants, artisans, and service providers in expanding their businesses by financing their income generating activities.

Key figures - December 2010
Legal StatusNBFI (Non Bank Financial Institution)
Number of Borrowers35,650
Portfolio Size$73,552,999
PAR (Portfolio at Risk)1.36%
R.O.A (Return on Assets)3.69%
Social indicators
Average loan / GNI per capita131%
% of female borrowers59%
Saving accounts openedEvery client
Collaterals requiredCo-surety
Loans for social purposesNo