Loan Illustration

Depuis plus de six ans, je suis dans la couture et je gère très bien cette activité. Pour accroitre davantage ma productivité, je souhaite bénéficier d'un…

Production Production

Senegal Senegal

Loan amount €320

Funded 100%

by 10 members

Loan fully repaid by the entrepreneur

Disbursement date: 07/01/2012
Final repayment of the loan: 03/01/2013

ENGIE by MicroWorld's investors have funded: €320

Mame Sokhna Massar - Increase production


First name: Mame Sokhna Massar
Gender: Female
Age: 47
Marital status: Married
Number of children: 4
Region: HLM

Loan Request

Purpose: Increase production
Amount: €320
Duration: 8 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

Depuis plus de six ans, je suis dans la couture et je gère très bien cette activité. Pour accroitre davantage ma productivité, je souhaite bénéficier d'un crédit à MicroCred, dans le but d'élargir ma part de marché et satisfaire mes besoins, ainsi que ceux de ma famille.

Project follow-ups

  • 04.06.2014

    Grâce au financement de MicroCred, j’ai acheté un stock assez important de tissus et j'ai pu accroître ma production. J’ai aussi payé ma facture d’électricité et fait une avance de salaire à mes employés.
    Le montant que j’avais demandé à l'origine ne m'a pas été entièrement accordé ce qui m’a un peu pénalisé quand même pour les prévisions que j’avais fait.
    Mon activité avance à petits pas et n’a pas tellement d’effets considérables sur la condition de vie de ma famille étant donné la conjoncture en ce moment.
    Actuellement, je suis confrontée à un problème de liquidité et je souhaite renouveler ma demande de prêt d’ici peu pour redresser mon activité.

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 ENGIE by 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