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.