Business Loan Scheme - Omar N Darboe - Profile

2014, local entrepreneurs and business owners were invited to apply for loans through the MBG / TARUD business scheme. Buba Touray and Fabakary Jammeh manage the project in Gunjur, and are responsible for processing each application.

Omar is 35 years old and lives with his wife and 2 children in the family compound Darboe Kunda.

Omar started his business 2 years ago selling building and electrical supplies, his shop is in a prime site in the centre of Gunjur. If he is successful in obtaining a loan Omar would like to expand his business and eventually have another shop on the outskirts of Gunjur and be able to employ other young people. Omar is very interested in helping young people of his community, his dream is to build a youth centre were young people can get help to develop themselves as well as a place for recreation.

February 2015

11 young entrepreneurs have been selected to receive a loan of not more than £250 to be paid back within three years and backed by a guarantor who has agreed to honour the loan if the business should not succeed.

Omar is one of the successful applicants

Omar Darboe

August 2015

Omar is ahead of schedule with loan repayments and is sucessfully running a profitable hardware store in Gunjur.

omar hardware

December 2015

Omar has registered his business and increased the quantity of his stock. Omar is now able to purchase larger quantities making the items cheaper so is able to make a larger profit. Omar is keeping a stock book recording sales so he knows when to buy more stock, he also keeps a daily cash book and has a savings account at a bank in Brikama. The community rely on him for building and electrical supplies. Omar is a great ambassador for the loan scheme and is encouraging other young people with businesses to apply.

 

 

 

Business Loan Scheme -Ndey Binta Ndoye - Profile

2014, local entrepreneurs and business owners were invited to apply for loans through the MBG / TARUD business scheme. Buba Touray and Fabakary Jammeh manage the project in Gunjur, and are responsible for processing each application.

Ndey is a young hairdresser living in Kazi Kunda. She is 21 years old.

The small amount or equipment in her saloon Ndey has purchased herself without any help from family or donors. The majority of her work is at the weekends when there are many weddings and naming ceremonies. Ndey is training 2 young assistants who help her at her busy times. If Ndey is successful in obtaining a loan she wants to expand her business, at the moment she is based in a small room attached to her compound, to expand she will build an extension making her saloon twice the size, as it is in the family compound she does not have to pay rent.

February 2015

11 young entrepreneurs have been selected to receive a loan of not more than £250 to be paid back within three years and backed by a guarantor who has agreed to honour the loan if the business should not succeed.

Ndey is one of the successful applicants

 Glastonbuby

August 2015

Ndey is now running her highly successful hairdressing salon using new electrical equipment bought with her loan and has plans to extend the rather cramped premises in which she is working. Seen here in her salon and returning her loan repayment on time and receiving a receipt from Buba Touray, the manager of the Gunjur Youth Development Programme.

AQuarendon 1030991

Ndey loan repayment