Fatim Sylla

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

My name is Fatim. I am very happy to have recently come across the Zidisha web site. I know that I can benefit from financing my work for clients who want to sign up for phone numbers in order to communicate with their family and friends. I am from a poor family and am the oldest of my mother’s children. I am responsible for caring for my two children; I am divorced from my husband. He didn't want me to have a business, because he thought that a woman's place is inside the home. Whereas I think that every individual should be able to work and benefit from the fruits of their own labor. I also support some brothers, a sister, a grandmother, you can see my problem.

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About My Business

I buy prepaid calling cards for cell phones. I sell them in a boutique in the market near my neighborhood. I sell the cards often to clients who pass by the market and to locals who work all day long. For each quantity of two hundred subscription cards, one makes about 25,000CFA (roughly $50). To buy this quantity, one must pay nearly 160,000CFA (roughly $360) to the wholesaler. The pay-as-you-go cards cost 1,000CFA (roughly $2) and I get about 200CFA (about $0.40) each. There are also packs of ASDL (high-speed internet) pour clients who use a wireless phone line or Internet at their homes. The women's credit association I previously borrowed from required a contribution each week of 1,000CFA (roughly $2). Every two weeks, a woman in the group would receive 50,000CFA (roughly $100) or 100,000CFA (roughly $200) so that she can work. When the amount was given to me I started my business. After, I continued to contribute to the association with whom I participate until the end of that contribution cycle.

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My Loan Proposal

purchase of prepaid phone cards, mobile phone handsets, and registration as a "frigo" retailer

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Comments

 

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Fatim Sylla   Jul 23, 2012

Hello, it’s me again.
Just to clarify that Fatim is ok with continuing to repay the same amount of 28080 after the grace period since I am not permitted to request a grace period and at the same time reduce the amount due. It’s because, after I explained this she accepted it and also said that this will allow her to settle the balance of her loan more quickly.

Maguette

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  Jul 23, 2012

Hello,
Today I spoke with Fatim Sylla about the reasons for the payment delays. She mentioned the long sickness and several hospitalizations of her daughter and the medical expenses that damaged all her plans to repay.

In addition, she said that the month of Ramadan will not be favorable to her sales of pastries, coffee and tea since the clientele fast the entire day. So, she now does not count on her sales of credit and orange money.

This is why she asked to modify her repayment schedule in requesting a grace period until August 8. She proposed a new sum of 14040 Frs. I helped her to change the payment agreement.

Maguette

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Hi Lenders,

My name is Sam Gant and I'm currently one of the two Client Relationship Managers here in Dakar. Today I met with Fatim near her daughter's home in the HLM market to learn more about her business and her plans for the future. In the mornings Fatim sells homemade beignets and coffee outside of the Bourguiba school near her home, and then moves to her kiosk to sell telecom cards and mobile phones from 8 AM to 4 or 5 PM.

She buys packages of scratch-and-go telecom cards (the most common form of phone service here in Senegal) in varying denominations and passes them on to customers to realize a 4% profit. She also sells digital OrangeMoney credit, a service that allows clients to pay electricity and water bills via cell phone transfer. Her future ambitions include expanding her stock of OrangeMoney credit and purchasing Samsung and Huawei cellphones with internet capability. Currently her selection of phones ranges from offerings that cost $15 to phones that cost over $100.

Mme Sylla is a vibrant, talkative and motivated businesswoman who was acquainted with at least a third of the people we passed while walking through the neighborhood. She continues to support her family with her business, and is eager to continue her involvement with Zidisha to benefit from the economies of scale of purchasing phone credit wholesale. She was very grateful to the lenders who financed her request, and plans to share any future updates as they occur.

Fatim Sylla   Jun 05, 2012

Hello to Ms. Julia and to all the lenders on this Tuesday, June 5, 2012. Fatim who is very nostalgic for you and the lenders will always keep you updated on her activity in the Telecom service. Now we have experience with Orangemoney; moreover I have been introduced to your new intern San, who is always ready to walk in the sun in order to come to my home to meet me. I always sell cakes and coffee to the Bourguiba School. In the future, with the opportunities offered by Orangemoney such as the payment of our electric and water bills, the transfers of money to our parents in the interior as well as the exterior of the country, I would like to buy the maximum units of value in order to resell them to the clients and also add to that Infini and Samsung laptops with wifi since the Internet is undependable these days. That will interest the clients also because they are requesting it. Thank you again for everything.

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Fatim's business is doing well and she has big ideas for the future. Here she is selling cell phone credit at her Tigo stand in Dakar.

Fatim Sylla   Mar 08, 2012

Today, March 8th 2012, the international day of women, Honour and BRAVERY to Ms Julia and to all our lenders. Julia is one of the first lady in the world who works as a leader, helping me and the other women financially and to become leaders by creating a profitable activity in services such as networks (Orange, Tigo, expresso, seddo, izi,...), to sell coffee to customers and cakes to school kids. Thanks to Julia, I am socially, economically and psychologically autonomous; now that our great God helps me to repay my loan and to take a 3rd one.
Bravery to all lenders in this day: Thursday, March 8th 2012

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Hi everybody
I'm Anicet, Zidisha 's Client Relationship Manager in Senegal.
I meet Fatim in January 2012 with Maguette and Stephen (my colleagues) and I can tell that she is a joyfull and ambitious who want to expand her business.
I'm very happy for you to see that your loan application have had a positive response.
I know that you will make a good use. Wish you the best to the new business you want to explore and, still share your joy in your family, your city and to everyone you meet like what you did when you meet us for the first same time.
(hug)

Merci bien a vous, je suis content de puovuoir vous aider! Good Luck!

Hello Fatim!

It's great to read about your growing business here. I wish you much success and prosperity, I am very happy to be able to assist you via Zidisha. Please keep telling us more about how your business is going!

best wishes from rainy Belgium,

Daniel

Fatim Sylla   Jan 28, 2012

Good evening from Fatim Sylla
On Saturday, January 29, 2012 I just read that Christmas is over and that we should wish the lenders a good holiday. Although it has passed I want to wish them all the same. We cannot give more than that but I wish a good holiday to Ms. Julia,too. Happy, happy holidays.
Merci. Thank you forever.

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Anicet,Maguette and I are the newest client relationship interns with Zidisha. We have just had our first visit with Fatim Sylla. From our first impression we can see that she is a really enthusiastic, and creative entrepreneur. She used her loan to start her business in selling phone cards and internet credit in which she is very successful. Fatim has a good reputation in the community and would like to start another business.She has completed paying off her loan and is now in need of another loan.She is currently aspiring to expand her current activities into other areas of credit. Fatim has successfully secured a distribution agreement with Orange mobile, a company that allows users to send and receive money, and pay their bills via their cell phones. Also, she is interested in buying a refrigerator to diversify her business options. We wish the best for Fatim in whatever she does. Good luck.

Fatim -- your record with the prior Zidisha loan is excellent. Would like to lend again, but am confused about your plans to buy a refrigerator in Dakar. Other borrowers here have mentioned difficulty operating electrical machinery due to power outages. Is this not an issue at your location? Thanks!

Fatim Sylla   Jan 28, 2012

bonsoir de fatim sylla
en ce samedi 29 janvier 2012, je viens de lire que la fête de natal est passée et que nous devrions souhaiter à nos bailleurs de passer une bonne fête.bien que c'est passée mais je leur souhaite quand même.on ne peut pas vous payer plus particulièrement moi fatim.bonne fête à madame julia aussi bonne bonne fête.
merci thank you for ever.Daniel merci du conseil que vous apportiez pour l'achat du frigo et les difficultés qu'ont rencontré pas mal de clients électricité, merci merci.j'y veillerai et faire en sorte de le bien étudie

Fatim Sylla   Jan 28, 2012

bonsoir de fatim sylla
en ce samedi 29 janvier 2012, je viens de lire que la fête de natal est passée et que nous devrions souhaiter à nos bailleurs de passer une bonne fête.bien que c'est passée mais je leur souhaite quand même.on ne peut pas vous payer plus particulièrement moi fatim.bonne fête à madame julia aussi bonne bonne fête.
merci thank you for ever.Daniel merci du conseil que vous apportiez pour l'achat du frigo et les difficultés qu'ont rencontré pas mal de clients électricité, merci merci.j'y veillerai et faire en sorte de le bien étudier.

Fatim Sylla   Jan 06, 2012

Hello. Its been a long while since I have made a comment. I have finished paying off my loan and I wanted to thank God, Zidisha and everyone else who has helped with my current business endeavors. I am now looking for a new loan for a new upcoming project this year. I wanted to thank everyone who has supported me. God bless.

Fatim Sylla   Sep 26, 2011

Ses débuts avec Zidisha :

Pour rappel, Fatim faisait une formation à l’ONG CRES. C’est là bas qu’elle a connu ZIDISHA par l’intermédiaire de Bouba. Elle ouvert un compte sur le site de ZIDISHA et a bénéficié d’un prêt de 170000 en 2010. Avec ce prêt elle a démarré une activité de vente de carte de crédit téléphonique et de crédit en détail. Elle travail avec les deux premiers opérateurs téléphoniques au Sénégal, TIGO et ORANGE. Elle est éligible aux prêts de Zidisha car elle était membre d’une tontine dans son quartier dont la mise était de 100 000fr (participation de 2000 frs tous les 15 jours). Et par ailleurs, elle se débrouille bien avec l’informatique.

Description de l’activité :

Fatim a démarré un partenariat avec Tigo qui lui a donné un parasol et une table pour lui servir de bureau de travail. A la souscription, elle a versé 15 000 et a acheté des cartes de recharge de crédit téléphonique pour les revendre. Elle vend également du crédit téléphonique en détail à partir de son téléphone portable ; ce système s’appelle « la vente de easy ». Pour ce faire, elle recharge une carte de crédit dans son téléphone vend au détail à partir de 100 frs cfa.
Elle fait la même chose avec 0range, le premier opérateur téléphonique au Sénégal, c'est-à-dire la vente de carte de recharge téléphonique et la vente au crédit au détail qui s’appelle seedo chez cet opérateur.
Fatim loue une cantine au marché près de chez elle dont les mensualités s’élèvent à 15 000 frs.
Elle s’approvisionne auprès des distributeurs agrées de Tigo ou de Orange selon ses possibilités d’achat. Elle bénéficie d’une réduction de 60 frs pour chaque carte de 1000, 150 frs pour les cartes de 2500 et 300 frs pour les cartes de 5000. C’est le même système qu’elle souhaite commencer avec le troisième opérateur téléphonique, Expresso.
En ce qui concerne son chiffre d’affaire, ca dépend du montant de crédit qu’elle achète auprès de son fournisseur. Elle réalise un bénéfice d’environ 2000 frs par jour. Et quand il ya promotion sur les carte de crédit elle peut vendre 50000 frs pour chaque opérateur (tigo et orange).

Objet du prêt :

Fatim sollicite à un nouveau prêt de 500 000 pour étendre son activité avec les télécommunications. Et diversifier avec une autre activité avec la vente de glace aux vendeurs de poisson au niveau du marché où se trouve son magasin. Ainsi, elle souhaiterait travailler avec le troisième opérateur téléphonique au Sénégal : Exprésso. Elle également pour cet opérateur des cartes de crédit moyennant commission. Par ailleurs, elle souhaite faire un nouveau service proposé par orange : Orange money qui constitue un système de Mobile banking. Une activité prometteuse car il n’existe pas de distributeur sur les environs. Chaque transaction Orange money, elle gagnera une commission.
Cependant, Fatim a accumulé des arrières de 12 mois de mensualité (15000 par mois) paiement sur le local qu’elle occupe soit 180 000. D’après elle la priorité était le remboursement du crédit de ZIdisha. C’est pourquoi, elle souhaite renforcer son activité d’où la demande de ce prêt qui sera à :
- Paiement des retards de loyer : 18 000 ;
- installation d’un compteur d’électricité : 46000 ;
- carrelage du local : 24000 ;
- approvisionnement en carte de crédit : 250 000.

Fatim Sylla   Sep 26, 2011

How are you, lenders and Julia? I was able to access my Zidisha account again thanks to your message which I received this morning, and I have just signed on in order to send you my thanks for your help in retrieving my password. I would also like to thank Zidisha and all my lenders, who helped me to start up my Orange/Tigo/Expresso mobile phone boutique business. To share my news with you, I have made an extra effort to access the website and post this comment. I thank God for having helped me to complete my monthly repayment installments. I will be applying for another loan, which will provide the capital I need to keep working and advancing my business. Thank you for having supported me. I hope to hear from you soon.

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Jenna Garchar and I, the current Zidisha interns here in Dakar, visited Fatim this past Friday. Because of her warm smile, we knew right when we saw her that she is an incredibly positive and endearing person. We were welcomed into her home where we sat and discussed how the loan has positively impacted her business and life. While there, we were able to meet some of her family members who are also very thankful for the loan that the lenders have been able to provide her with. She has used the loan to purchase greater quantities of both phone credit cards and cell phones. Fatim sells Expresso, Orange, and Tigo credit. After some time in her home she took us over to the nearby market where, with the help of the loan, she has purchased a small space to sell her products. In the future, Fatim would like to obtain electricity in her space in order to have a refrigerator to sell cold drinks. She explained that cold drinks are not easy to come by in Dakar and would be especially lucrative during the rainy (“hot”) season. She would also like to eventually tile her space and hopes to take another loan to achieve these goals.

Hello everyone, my name is Clarissa. I’m here with Allen in Dakar as Zidisha’s Senegal Client Relationship Managers. As Client Relationship Managers, we will help keep lenders informed about borrowers by visiting clients and posting pictures and stories.

We met up with Fatim last week and spent the day visiting her family, clients, and checking out her new store. Fatim is an extremely energetic and charismatic woman. The entire day, she never stopped smiling, and introduced us to everyone we met.

BUSINESS
Her store is located in a newly constructed in-door market, and she is right down the hall from an expansive and vibrant fresh produce market where most of the vendors are her clients. She is continuing to sell Orange, Expresso and Tigo phone cards as well as Orange Money, which helps many clients transfer funds home to their families. She is also selling new Orange Kirène phone cards. These new cards give out prizes ranging from bonus phone credit to new cars and have been a hit with her clients. Orange money can now transfer 250,000 CFA, up from 100,000 CFA, with a transfer rate of 3%. Clients also come in for help using their phones and Fatim is always eager to assist them. Fatim is also re-sells a few products in her store like flashlights, which come in handy during the many power outages here in Dakar.

FUTURE LOANS
In the future, Fatim has ideas about tiling the floor of her shop and buying display cases in order to sell cell phones and other merchandise such as beauty products, and baking utensils. She does not have electricity in her shop yet, but is interested in adding it. However, to do that would cost 40,000 CFA (about $80).

Hello Madam Zidisha, it's Fatim Sylla. It's been a while since I have written, because I lost my password and could not access my Zidisha account. I thank all the lenders who helped me to launch my business. My business is coming along well; I'm always in my boutique. But when I finish repaying my loan, I would like to buy my boutique (instead of renting), increase my inventory of prepaid cards and of Orange Money units.

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Fatou Maïna Diallo   Jan 31, 2011

Dear all, I would like to thank you once again for what you have done for us. Especially for me. I know that my repayments have been a bit late, but that is due to the fact that we have some difficulty recovering payments from the people who have purchased from us on credit and have trouble repaying, because of the recent succession of religious and cultural holidays. But we hope that this situation will improve and that we will be able to repay on time again as we used to. And we want to tell Zidisha to continue the work that it has begun in our country. The borrowers are learning how to work with Zidisha and will respect their engagements, except for occasionally when events escape their control.

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Sounds good!

Amy Diagne   Jan 10, 2011

I would like to thank you all again for what you have done for me. These days, I am 100% employed. I am truly very happy for the trust you have placed in me. Because finding funding long distance is very difficult. These days, I am timing the stocking of my merchandise so that their sales will correspond with my first repayment installment which is due in February. I am sure that I will do everything possible to not disappoint all the people who have placed their trust in me. I am especially touched by the fact that among the lenders, there are children to whom I repeat my thanks again and encourage them to continue in what they do. Thank you.

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Yesterday, Fatim invited me to the new store she bought using her Zidisha loan. Though much work still needs to be done, she hopes to move in to the store in the upcoming weeks. Photos of her store and the busy market she works in are attached below. Fatim would like to once again thank her lenders for investing in her phone credit enterprise.

Fatim showcasing her new store. Notice the mobile credit posters behind her - Fatim hopes to sell Orange credit, a new telecommunications project that enables money transfer via phone credit; Fatim hard at work; Fatim meeting potential new clients.

Fatim Sylla   Sep 21, 2010

Hello dear friends, it's with an immense pleasure to address you all again with this post, especially to Mrs. Kurnia and her family.

With regards to my business, it's going well. I'm starting little by little by selling Expresso prepaid cards that allow my clients to connect directly to the internet from their cell phones without going to an internet cafe. It's a new innovation, just like Orangemoney's service which allows clients to easily make payments and transfer money via secure text message via accounts on their cell phones.

That's about it. I will make more interesting posts with photos of my store next time. Thank you all for your help, especially mendiros, though every lender as well so as not to forget anyone. See you guys in two weeks for another post.

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Fatim Sylla   Aug 30, 2010

Hello lenders and friends,
It's with great pleasure that I'm writing this post to tell you all that I received my loan on Tuesday, 24th of August 2010 at around 4:30 at the CBAO bank close to the airport.

As my shop is currently going under renovations, I went out to buy and will resell "expresso subscriptions", phone cards that allow cell phones to access the internet whenever, without having to go and pay at an internet cafe. These cards are important for senegal because not only do they enable video calls, by connecting users to the internet and allowing them to read their messages whenever, it saves them the time and money they would be spending at an internet cafe.

I will also use this loan to buy other products from other cell phone operators. All of these cell phone carriers compete against each other, which lowers prices for their clients. This is why I buy products from all three cell phone carriers to satisfy my clients. By selling these products in my neighborhood, I save my clients the time and money needed for transportation into Dakar to buy their coverage. Even with the arrival of Global Voice, an agency that supervises the operators and the new taxes on cell phone use, I dont think that will affect my work because every depends on the cell phone carriers.
Thank you!

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Photos Fatim Sylla receiving her loan at the office this morning. Thanks for the loans and for helping mobile credit take off in Senegal.

semfund   Aug 23, 2010

Hello everyone. I am very proud of you for all you have done for these clients seeking loans. I thank you for the confidence you have in them and especially for the support you have given them. You have allowed people to earn an honest living by pursuing a profitable enterprise, which will allow them to provide for the needs of their family. It is very noble of you to have to helped some the planet's poorest. Once again, thank you.

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Fatim Sylla   Aug 23, 2010

Hello dear lenders and friends,
It's with great joy that I send you this message of total thanks for all of the help you have provided me for my Orangemoney project of telecommunication. Huge thanks to Madame Kurnia who consistently supported me since I received my first email from Zidisha. God willing I will repay this financing so I can ultimately receive another loan from Zidisha and continue working forever!!!

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semfund   Jul 20, 2010

I see that Fatim's financing is moving rapidly. It gives me pleasure to see that people are interested in Fatim's activities. I encourage you to help her.

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semfund   Jun 22, 2010

I am glad to see that people are interested in Fatim's activities and are helping her to find financing. I would like to thank all of you for this, because I see that her application is progressing well toward being funded. Indeed, I thank all lenders who are making commendable efforts to help disadvantaged women access the capital they need to earn a living from their own choice of business. Thanks again to everyone.

(This is a translation of the below comment, posted by the SEM Fund microfinance organization in Dakar, Senegal)

Je suis content de constater que les personnes sont intéressées les activités de Fatym et sont entrain de trouver des financement pour elle. Je remercie tout le monde pour cela, car je vois que cela avance bien. En Fait je remercie tous les prêteurs qui viennent faire des efforts très louables pour aider de pauvres femmes à trouver des financements pour s'adonner à leur activité désirée. Encore merci à tout le monde.

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.

If anyone wants to get a hold of me directly – questions/comments or otherwise – feel free to email me: mack@zidisha.org

I caught up with Fatim last week in her neighborhood market and got to spend the afternoon meeting her family and clients. In her line of work, she constantly meets new people and maintains old relationships. For her, however, it’s hardly work. She seems like some sort of local celebrity. It’s easy to tell that she loves to catch up with all of her clients and friends throughout the neighborhood. I was honored to be introduced as her friend as I met her neighborhood friends and clients.

She is very open about her past marriage which ended on a bad note. Like many women in Senegal, her husband forbade her from making her own money and encouraged a more “traditional” role for her. She successfully divorced him, supports her family of 8 (including a 94-year old grandmother!) and has an outlet for her ambition.

BUSINESS

She works for Tigo and Orange, two large cell phone service providers here in Senegal. She sells pay-as-you-go phone credit, which is how most of the Senegalese pay for cell service. Her brother, who owns a local convenience store allows Fatim to stand near his door, a high-traffic area, to sell her cards.

Spending the afternoon with her was a real lesson in customer service – treating them well is her number one priority. Especially in the phone-card business that has a lot of repeat purchases, this is very important. Her newest project proves her ability to look into the future and predict trends.

FUTURE LOANS

Madame Sylla has caught onto a promising technology through her affiliation with the service provider Orange. Orange Money, allows people to transfer money to one another through text messages. This technology has proven to be successful in other African countries (like the M-PESA system in Kenya) and Sylla expects the same reception here in Senegal. Because she has a strong relationship with Orange, she is in a fantastic position to exploit this opportunity.

Similar to how she supports so many members of her family at her home, she sees Orange Money as a tool to allow people to help others. For example, Orange Money would allow people who work in Dakar, where work is more available, to support family members in rural villages where money is more scarce. This is something you see often, according to Fatim.

In order to begin selling this service, she needs to have a more traditional retail space. Selling Orange Money credit requires having access to a computer terminal and other things she can’t use if she continues to sell in the doorway of her brother’s store. She understands that this product will be big for the Senegalese market and she wants to serve her clients the best she can.

Hi Mack, thanks for all your updates. I didn't know Senegal was getting a mobile banking service -- that's terrific, and if Kenya is a guide, Fatim should have plenty more customers from this. For a really interesting description of the impact of mobile banking, take a look here: http://blogs.cgdev.org/open_book/2010/05/make-new-currenciesbut-keep-the-oldone-is-silverand-the-other-gold.php

Keep up the good work. Daniel

semfund   Jun 15, 2010

Some photos of Madame Sylla:

Des photos de Madame Sylla:

Keep up the good work Sylla!

Nice work!

Repayment Schedule Changes

Fatim Sylla   Jan 30, 2013

Good day dear lenders
I thank those who gave me this loan, and I present from the bottom of my heart my apologies. My clients have been taking their time to pay me. This delay is independent of my wishes. My hope is to overcome quickly these financial difficulties with which I am confronted and I hope to avoid future delays. My project is evolving little by little as I try to diversify my products to become more productive and comptitive. I have upgraded my kiosk at the market. I am selling cakes and pastries of good quality which are very in demand with children. I am also selling coffee (Touba coffee) which is in great demand from consummers. I end with thanking you again and apologize once more for the delay in my repayment.

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Fatim Sylla   Jul 23, 2012

Hello,
I am very sorry for my payment schedule and I apologize to all my backers. This is due to some social difficulties, since my daughter had some heartburn, which was very bad. She couldn’t even eat the rice with fish that we cook all the time. She had almost her own diet which wasn’t easy, the doctor gave her prescriptions that didn’t take care of her stomach. I had to bring her to see almost 3 doctors, and the last one that made her do perfusions since she was so dehydrated due to the repeated vomiting. Thanks to God she is finally better. She was taking 1 bag of the medicine Maloox which didn’t suit her stomach well, Belmazol, and finally it was Azantac and the suppository that calmed her. Really, this damaged and damaged my payment schedules. Now before the month of August I would like to pay the sum of 28080 fcfa divided in two, which is 14040 fcfa for a little under a month until I can get back on schedule to continue paying my normal monthly payments of 28080 fcfa. With the month of Ramadan also, my business has slowed down. No one eats in the morning, the clients are becoming scarce. And I am resting a bit in order to throw myself into the sales of my Orangemoney and Izi and Seddo credit. Briefly, here is Maguette with Fatim’s message: missing Mrs. Julie and all the lenders. I saw Cham and he called me himself to remind me of my payments, and I let him know about my delays and the reasons for them. Thank you again.

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Fatim Sylla

Dakar, Senegal

40% Repaid

About This Loan

Loan Principal Disbursed: USD 745.00
Date Disbursed: Feb 8, 2012
Repayment Period: Number of months or weeks from disbursement until loan is fully repaid 22 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 0.00 (0.00%)
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 68.29 (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 68.29 (5.00%)

Funding

Lender Name Amount (USD) Interest
Colin
(33)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 %
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.
8.200.00 %
Spock
(42)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.
4.860.00 %
Josua
(3)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.
30.000.00 %
Delph007
(588)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 %
DanielStano
(3)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.
13.000.00 %
LaBretonne
(98)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 %
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.
11.810.00 %
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.
3.900.00 %
Brian
(2,157)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.
61.700.00 %
columcille
(22)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.
9.630.00 %
theChad
(29)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.
13.790.00 %
TyeandRobin
(3)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 %
DrFeelGOOD
(21)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 %
okane
(108)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.
100.000.00 %
danmcb
(49)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 %
snapcore
(232)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 %
TeamCU
(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.
8.000.00 %
drjofleming
(106)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 %
valentin
(395)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.
31.780.00 %
sharingiscaring
(3)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.
30.000.00 %
CWS
(1,297)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.
24.330.00 %
CWS
(1,297)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.
199.000.00 %

Repayment schedule


Repayments due as of Apr 24, 2014:  USD 490
Total repaid as of Apr 24, 2014:  USD 323

This loan was rescheduled on Jan 30, 2013
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.
Apr 08, 201256.54May 08, 201256.54
May 08, 201256.54May 08, 20120.01
  Jul 12, 201256.53
Jun 08, 20120.00Jul 12, 20120.00
Jul 08, 20120.00  
Aug 08, 20120.00  
Sep 08, 201256.54Jan 08, 201356.54
Oct 08, 201240.27Oct 09, 201240.27
Nov 08, 20120.00  
Dec 08, 20120.00  
Jan 08, 20130.00  
Feb 08, 201356.54Mar 12, 201356.54
Mar 08, 201356.54Apr 29, 201356.54
Apr 08, 201356.54  
May 08, 201356.54  
Jun 08, 201356.54  
Jul 08, 201356.54  
Aug 08, 201356.54  
Sep 08, 201356.54  
Oct 08, 201356.54  
Nov 08, 201356.54  
Dec 08, 201337.98  
Total Amount Due813.29Total Paid Amount322.98