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
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
Borrower
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
Senegal
The relative economic and political stability in modern Senegal is a significant feat attributed to the country's growth through microfinance.
| 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
- Partnership status: Confirmed
- Credit score:
- Time on MicroWorld: 144 months
- Repayment rate: 100%
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 contact@microworld.org.
- 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.
The MFI
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.
| Date | 31/12/2014 |
| Legal Status | NBFI (Non Bank Financial Institution) |
| Number of Borrowers | 35,650 |
| Portfolio Size | $73,552,999 |
| PAR (Portfolio at Risk) | 1.36% |
| R.O.A (Return on Assets) | 3.69% |
| Average loan / GNI per capita | 131% |
| % of female borrowers | 59% |
| Saving accounts opened | Every client |
| Collaterals required | Co-surety |
| Loans for social purposes | No |
