Combé Thiaw

About Zidisha Profiles Zidisha entrepreneurs write their own loan profiles and provide their own photos. English is not usually their first language, and many had to overcome great obstacles to obtain an education. Additionally, many do not have cameras and own only a small number of personal photos. As a result, the profiles are not always as polished as on other websites. To keep profiles genuine, Zidisha staff do not make any edits, with the exception of titles for clarity and English translations.

My Story

I am married and the mother of one child. After high school, I completed one year of university, then two years of professional training as a medical secretary (2004-2006) and three years as an executive assistant (2007-2008). In 2008 I launched my own business. With this, I would like to request from you a loan.

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About My Business

My business is the sale of medical products to clinics and hospitals, including supplies, solutes, anesthetic products for surgical procedures, and orthopedic products and materials. I decided to undertake the creation of my own business when I realized that I could follow others’ example to become a supplier myself, because after my professional training I was hired by a clinic (a Blue Cross clinic) as a pharmacist, as I had studied some pharmacy during my professional training. My future business activities will include offering medical products from my own shop, which will house my inventory. At the moment, I work with partners who provide my inventory but I am obliged to store it piecemeal in dispersed places. I have many clients who ask me for materials and products and are always ready to place orders with me. My clients like to do business with me for the simple reason that I provide quality products, and deliver them as quickly as possible. This is possible because I have long experience in this trade, having worked for other medical suppliers in the past. I have taken four loans from Crédit Mutuel Sénégalais, two for 500,000 Francs CFA (about USD 1064), and two for 1,000,000 Francs CFA (about USD 2128), which I have repaid in full. I do not currently have any debt to local lenders.

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My Loan Proposal

I sell pharmaceutical products and medicines to clinics and hospitals. I plan to open my own boutique to store my inventory and sell medical products. Right now I work with suppliers but I have to store my inventory a little at a time in dispersed locations. This loan will allow me to buy inventory from wholesale suppliers, and to rent a vehicle for deliveries. As I sell the products, I will repay what you lend to me and I know that I will have no difficulty in repaying this amount as I could repay in even within 5 months and apply for an even larger loan. I am fully committed and intend to dedicate myself completely to this business. In hopes of a favorable response, I ask tou to kindly accept my sincere greetings. Thank you, Combe Thiaw, Dakar (Translated from French by Julia Kurnia) Mon business est la vente de produits medicaux dans les cliniques et les structures hospitalieres... Mes activites consisteront a la vente de produits medicaux en ouvrant une boutique pour stocker mon materiel. En ce moment, je travaille avec des partenaires qui me fournissent du materiel mais je suis obligee de les stocker dans des endroits disperses... L\'argent va me servir comme fond de garantie aupres des fournisseurs en gros, et a la location d\'une vehicule pour la distribution du materiel. Au fur et a mesure que je vends les produits je vous rembourserai le montant que vous m\'avez alloue et je sais que ca ne sera pas un probleme de rembourser cette somme car je peux le solder en moins de 5 mois pour demander un pret plus consistente. Car je suis engager et je compte vraiment investir a fonds dans ce domaine. Dans la suite d\'une attente d\'une reponse favorable, je vous prie d\'agreer mes salutations les plus sinceres. Merci, Combe Thiaw, Dakar

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Feedback

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Date By Feedback Rating Comment Edit
Jan 14, 2013 vidarlil Positive +
Jan 31, 2012 Thomas Positive Excellent transaction, would certainly partner again.
Jan 28, 2012 rebecca Positive Good luck and God bless!
Aug 07, 2011 Anninymouse Positive Repaid her loan in full, would lend to her again!
Jun 05, 2011 Daniel Positive Great borrower. Would definitely lend again!
Jun 05, 2011 smonroe Positive Mme. Thiaw did a great job! I wish she posted more comments, but I understand that she was very busy.
Apr 22, 2011 jkurnia Positive Mme Thiaw really made a success of this loan. The funds were used to increase her inventory of much-needed medical supplies via bulk purchases, and profits from this used to subsidize needy clients and for care of Mme Thiaw's own child. Repayments were all made on time (or within one or two days of the due date) save one, which was delayed due to a bank deposit error. I would however have liked to see more comments posted directly by Mme Thiaw on the progress of her business - she did post a couple brief ones during the course of the loan but would have liked more frequent and detailed updates. Overall this was a good experience and I'd lend to Mme Thiaw again.
Apr 22, 2011 Stefan Positive Very good, thank you


Comments

 

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I met with Combe on May 30th at the bustling market of Grand Yoff, where she had been making deliveries to hospitals in the area, and then accompanied her by taxi out to her home in Golf-Camberene. Combe lives in a quiet neighborhood outside of Dakar, and on the long ride over she explained to me that after the initial expenses of purchasing medical supplies in bulk from the distributor, her next biggest cost is transportation. Hospitals in the Dakar area tend to be understocked, and so Combe frequently has to make deliveries at a moments notice to replenish emergency rooms across the city. She repays her loan in fluctuating quantities depending on when the hospitals reimburse her for her deliveries.

She expressed a great deal of gratitude to the lenders of Zidisha for allowing her to benefit from economies of scale, because her bulk purchases require her to have access to significant amounts of capital from day-to-day. Her home is cozy and well-equipped, a clear testament to how much access to microfinance has improved her ability to succeed as an independent entrepreneur. She plans to update lenders over the next few days with more precise examples of how she realizes a profit by purchasing in bulk and then delivering medical supplies.

Combé Thiaw   May 30, 2012

Good eveining partners,

I am very glad to work with you, zidisha's loan have helped me so much for my business (sell of materials for hospitals)
It let me strenghten the working capital (because for the orders, I unlock money, like 300.000 to 500.000 plus the freight too) and I am then paid by the structure

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Combé Thiaw   Jun 18, 2012

bjour cher partenaire de ZIDHISHA
Je les chose ne bouge pas beaucoups pour le pret car j'ai vraiment besoin de ce pret pour acheter des produit car je deja parlé avec mes fournisseur et je n'attent que vous si non je vais ratter le coup,
bouger un peu de votre coté .
merci et un réponse s'il vs plait

Your business sounds fascinating! It sounds as if the work you do will benefit many others in your community.

Good luck for the future.

  Jan 24, 2012

Report of Combé Thiaw’s visit on 01/23/2012

Combé is ethnically Diolla, one of the well-known ethnic groups in Senegal. She is originally from the southern part of Senegal, called the Casamance. She is 32 years old. She is single and the mother of a 5-year-old boy who is in kindergarten. Combé works in the administrative section of the Chifa Clinic in Sacré Coeur 1 [a neighborhood in Dakar] where she works as a management assistant (issuing invoices, photocopying, etc). The clinic is relatively young and opened in 2010.

She sells medical equipment to medical offices, hospitals and other clinics. These supplies include IV drips, syringes, urine bags, probes, sutures, compresses, and more, pretty much everything that hospitals use. In this cold season, clinics are not very active. In fact, hospitals are busiest during the rainy season because malaria cases are prevalent.

She has a stock of two million products and has the advantage that the medical supplies are not perishable. She does not have time constraints regarding her clinic work because she is not under a contact. She is not paid a salary at the clinic because she works there just to help some old friends. She sells for orders 30 days after delivery, but in many cases, it is 60 to 90 days after delivery. This is because the clinics work with the IPM. Her main clients are: Blue Cross Clinic, Rady Clinic, Madeleine Clinic, and the Clinic of Mamelles. The supplier is Delta Medical. She regulates the cash of suppliers, and that is why the gaps in cash flow are often felt.

The loan from Zidisha has had a positive impact on Combé’s financial situation. It has indeed allowed her to better meet her daily expenses like paying rent, paying the housekeeper, transportation (taxi or public transportation), her son’s education and other small personal expenses. The monthly profit from her business is 400,000 to 500,000 CFA [about 800 to 1000 US dollars]. After having deducted her expenses from her earnings, she buys goods which she keeps in her apartment’s stockroom. Her house also has two bedrooms, a living room, a kitchen, and a bathroom.

Combé holds a license (Bac + 3) as an executive assistant. However, she has repeatedly refused a salary of more than 200,000 [working as an assistant] because according to her, her small business is more interesting than the salary of an executive assistant.

She hopes to continue her collaboration with Zidisha because she finds that the loans are very accessible. According to her, “Zidisha is exceptional”.


Maguette

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My name is Jenna Garchar and I am currently one of Zidisha’s Client Relations interns here in Dakar. Today, I went with two volunteers to visit Combé at her home in the coastal neighborhood of Parcelles. We sat and spoke with her in her bedroom before sitting down with her and her family to eat Yassa Jen (a delicious Senegalese dish with rice, fish and onion sauce). Combé and her family are such warm, welcoming and friendly people.

BUSINESS
Combé buys medical supplies and sells them to clinics and hospitals around Dakar. She sells to about 6 clinics, including Clinique Cheikh Anta Diop and her main purchaser, Clinique Mamelle. When we first arrived at her house, she took us immediately to see her storage room in her home. The room was filled with boxes of an assortment of medical supplies. Combé sells a variety of supplies, from antibiotics for infections to catheters to wipes for newborns. Her most popular products are IV supplies, in particular bottles of IV fluid.

IMPACT OF LOAN
Because of her loan, Combé has been able to buy a large variety of products and keep a supplied stockroom. She said she is making a profit each month, and her money stays in a cycle of buying products and both selling and stocking them. Right now, she said she has around 1 or 2 million CFA worth of products in her storeroom.

After showing us her products, Combé took us to her bedroom where she showed us all her invoices and receipts from previous transactions. She is an extremely organized and efficient businesswoman! She has spreadsheets for each month that show the exact products she sold, where she sold the products, the quantities of products, her buying price, her selling price, each product’s earnings and her total earnings for that month. For example, in June she had around 800,000 CFA in earnings and in July she had 669,710 CFA in earnings.

The loan has had a positive economic impact on her loan as well as on her family. We met Combé’s adorable 5-year-old son when he came home from school for lunch. With the help of the loan, Combé has been able to continue to support her family.

FUTURE
In the future, Combé plans to continue buying and selling medical supplies for clinics around Dakar. One of her goals is to be able to purchase a car to carry supplies to clinics and hospitals. Right now, she must pay around 7000CFA for a taxi to drive her around to clinics. Having a car would save money and increase profits because she would be able to drive downtown where there are more clinics and hospitals. She said she could even expand her business to towns outside of Dakar like Thies and Mbour.

Another goal is to sell surgical suture for stitches because a large market exists in Dakar. Combé explained that stitches are always in demand because people need them for a wide variety of reasons from having a bad cut to cesarean sections. Combé said that right now most of the thread in Dakar comes from China and is not the best quality. Her goal would be to work with an outside partner to import high quality surgical suture to sell to clinics and hospitals. She also explained the efficiency of the products’ weight and size for storage. Combé has great ideas for her business and seems passionate about continuing to improve her earnings by expanding her market.

Combe spent most of her loan on IV fluids (pictured in the red and blue bottles), commodities desperately needed and demanded across all of Senegal.

Combe's assistant Amadou showing off all the medication Combe successfully purchased with her Zidisha loan.

Last thursday I visited Combe Thiaw at her clinic. Thanks to her lenders, Combe has filled her inventory and her business is thriving.

semfund   Jun 16, 2010

Hello, everybody. I have just confirmed the disbursement of Combé Thiaw's loan.

Bonjour; tous le monde; Je viens confirmer le décaissement du prêt de Combé Thiaw

Is this temporary? Will Combe resubmit for another loan? (this loan has been listed as 'cancelled')

Combé Thiaw   Jun 18, 2010

No, i do not cancel my loan, I made a mistake when I wan to click on "accept bids"
thank you for asking this question, because i have not see like I have make this mistake

How has the loan helped you. Has your quality of life improved as a result of the loan?

Combé Thiaw   Sep 17, 2010

Hello IJZABOF, how are you doing?
Of course the loan has helped my business - I bought new products like IV packets of Redon. Profits from these sales has made life much easier for my family.

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I like Combé Thiaw's business model because it will help so many. I like that EXPONENTIAL aspect.

Yesterday, I met with Combé Thiaw and Makha Sarr Diop who make up the administration of a small private health clinic called “la Clinique Medico Chirurgicale” in the Sacré Coeur neighborhood of Dakar. The clinic provides general care but specializes in complex joint-replacement surgery. They were eager to show me around their clinic. On one hand, it was clear that they were deeply proud of the hospital’s work. On the other, it was clear that their minds were fixed on the future and the growth they hope to experience.

Philosophy:

The clinic has a strong belief in charging the client based on their ability to pay. Very rarely, according to M. Diop, do those who seek care get turned away. Their priority to provide care over maximizing their bottom line was refreshing to see in practice, especially in a country with so many health needs. Often, people travel great distances (as far as Mauretania) to seek their specialized care.

Business:

The hospital has seen significant success from being a reseller of pharmaceutical products to other clinics, hospitals and pharmacies under the direction of Madame Thiaw. There is a wide variety of things she sells, but she specializes in low-margin items like I.V. equipment, sterilization tools and disposables. They have been successful at using the sales of these pharmaceutical products to subsidize other parts of the hospital (i.e. development, hiring new staff, providing better care to those who need and can’t afford it). Currently, the demand is larger than their supply and she seek funding to become a more effective reseller. She has five consistent customers and is confident she can easily capture more.

Impact of the loan:

Once complete, the loan will help them to seek new customers and better serve the ones they already have. This will allow them to have a larger offering of pharmaceutical products (higher-margin products) and buy the lower-margin products, from the wholesaler, in bulk to save costs. The ability to subsidize the rest of the hospital’s operations this way will allow them to follow their philosophy of providing cheap, high-quality care to those who seek financial aid while using their services.

Because the pharmaceutical product sales are backed by a larger institution with consistent revenue (the clinic), they have assured me that they will have no problem paying back the loan and are eager to get financed as soon as possible.

Hey, everybody. My name is Mack. I’m here in the Dakar region of Senegal as Zidisha’s Africa-based Client Relationship Manager. I have been familiar with Zidisha for some time now and wanted to see what the organization is all about from the borrower perspective.

I have been meeting with Zidisha’s clients to understand their stories and help them connect with our lenders. Also, I’ll also be adding new entrepreneurs to the site as time goes on.

As you know, Zidisha’s model works best when there’s a direct dialogue between borrower and lender – I’m here to encourage this! In the meantime, I’ll be posting stories, photos/videos about their businesses and everyday lives to help bring them a little closer to you.

Repayment Schedule Changes

Combé Thiaw   Jan 29, 2013

I apologize for the delay in payment, it is due to late payment by customers who bought a lot of my goods. Because the year has ended, my customers are about to regulate their account balance, but they promised to pay me the end of January, or latest by mid-February 2013. It is at that time that I expect to receive the money and I can make repayments. Thank you for your understanding.

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Combé Thiaw   Jan 28, 2013

Je m'excuse de ce retard de paiement, cela est due au retard de paiement des clients qui ont beaucoup de mes marchandises. Etant en fin d'année? les clients sont entrain d'effectuer des régularisation de leur compte bilan, mais ils m'ont promis de me payer la fin du mois de janvier c'est à dire d'ici mi-février 2013. c'est à cette période que je compte recevoir de l'argent et je pourrai effectuer les versements. Merci de votre compréhension.

Combé Thiaw

Dakar, Senegal

100% Repaid

About This Loan

Loan Principal Disbursed: USD 1,024.90
Date Disbursed: Jun 18, 2010
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 10 months
Total Interest Due to Lenders: This is the annual interest rate proposed by the borrower. Lenders may bid to finance the loan at the borrower’s proposed interest rate, or at a lower rate if they desire. If more bids are received than the amount needed to fund the loan, the borrower will accept the bids with the lowest proposed interest rates.

All interest rates displayed on the Zidisha website are expressed as flat percentages of loan principal per year the loan is held. For example, for a loan of USD 100, taken at 4% annual interest with a repayment period of six months, the total interest amount will be USD 100 * 4% * (6 months / 12 months) = $2.

The expression of interest rates as flat percentages of loan principal amounts is intended to make calculation of interest amounts more intuitive for borrowers and for lenders, and to facilitate comparison with other microfinance loans in borrowers' communities, the majority of which also use the flat rate methodology to express interest rates.
USD 82.93 (9.71%)
Borrower Transaction Fees: A transaction fee paid to Zidisha, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 42.70 (5.00%)
Total Amount (Including Interest and Transaction Fee) to be Repaid: Interest plus transaction fees, expressed as a total amount and as a flat annualized percentage of the loan principal amount. USD 125.64 (14.71%)

Funding

Lender Name Amount (USD) Interest
jkurnia
(3,279)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.000.00 %
mackmcconnell
(48)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
20.000.00 %
Dianne
(151)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
25.000.00 %
rebecca
(236)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
40.000.00 %
smonroe
(116)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
5.001.00 %
susanmcconnell
(11)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
100.006.00 %
Thomas
(50)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
70.009.00 %
Anninymouse
(448)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
40.009.50 %
Stefan
(23)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
50.009.85 %
pranjal
(32)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.0010.00 %
mackmcconnell
(48)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.0010.00 %
joerg
(154)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
7.3812.00 %
Per
(30)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
2.0012.00 %
mblue0953
(36)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
24.2012.00 %
Wiseclerk
(12)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
2.7912.00 %
Daniel
(501)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
50.0012.00 %
Wiseclerk
(12)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
2.0612.00 %
Per
(30)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
3.2012.00 %
vidarlil
(18)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
2.0013.00 %
sfahlbe2
(2)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
10.0013.00 %
vidarlil
(18)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
2.0013.00 %
vidarlil
(18)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
2.0013.00 %
redhoward
(112)Karma is calculated on the basis of the total amount lent by the new members a member has recruited to Zidisha via email invites or gift cards, the number of comments a member has posted in the Zidisha website, and the total amount lent by a member.
340.3713.00 %

Repayment schedule


Repayments due as of Apr 20, 2014:  USD 0
Total repaid as of Apr 20, 2014:  USD 1,151
Date Due Amount Due Date Paid Paid Amount The Paid Amounts displayed here are the local currency amounts received, converted to US Dollars at the exchange rate that was effective at the time the loan was disbursed. The amounts credited to individual lenders are converted to US Dollars at the exchange rate that was effective at the time each repayment was received, and due to exchange rate fluctuations they may be more or less than the amounts displayed here.
Jul 18, 2010115.05Jul 16, 2010115.05
Aug 18, 2010115.05Jul 16, 20108.86
  Aug 19, 2010106.20
Sep 18, 2010115.05Aug 19, 201027.27
  Sep 17, 201087.78
Oct 18, 2010115.05Sep 17, 201026.56
  Oct 19, 201088.49
Nov 18, 2010115.05Oct 19, 201026.24
  Nov 23, 201088.82
Dec 18, 2010115.05Nov 23, 201028.78
  Dec 20, 201086.28
Jan 18, 2011115.05Dec 20, 201030.36
  Jan 20, 201184.69
Feb 18, 2011115.05Jan 20, 201131.95
  Mar 28, 201183.10
Mar 18, 2011115.05Mar 28, 2011115.05
Apr 18, 2011115.05Mar 28, 20110.70
  Apr 21, 2011114.35
Total Amount Due1,150.53Total Paid Amount1,150.53