100%

funded

Total loan: $1,925

Farlou Bagdad Group

Flag of Senegal
, , Senegal / Clothing

Farlou Bagdad Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped to buy fabrics to sell on.


Farlou Bagdad Group's story

Mame Diarra is the president of the Farlou Bagdad group, which is made up of ten women. The women live in the same neighborhood and get together at the end of every week to organise "tontines" (a revolving finance system where each member periodically puts in an agreed amount and this is passed on in rotation to different members). The president has a trading activity selling fabrics. She is the one in the photo with her hand raised. She is married and a mother, and she helps out her husband with the daily outgoings and their children's schooling fees. She has seven years' experience in her business and is on her second loan. She is requesting this loan so she can buy fabrics in her sub-region to resell in her municipality. She begins her day at nine o'clock in the morning and finishes at five in the afternoon. In the future she would like to have her own shop and be autonomous in terms of working capital. She will thereby be able to increase her income and improve her family's living conditions.