Business Loan Scheme -Ndey Binta Ndoye - Profile

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Published: Wednesday, 03 June 2015 11:03

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

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.