Studying clothing production for four long years has surely
led to fruitful results for young businesswoman, Oureye Faye, who started a
sewing business after receiving her diploma. Personal and economic hardships
such as her father passing away and her household ceiling breaking did not
deter her willpower to thrive financially, especially in her efforts to support
her four children and the families of her brothers and sisters. It is
imperative that she gets back to her sewing space as soon as possible to generate
income for her family. She is using her Zidisha loan to achieve this objective,
along with investing in fabrics and expanding her workshop. One of our Client Relationship
Interns, Sam Gant was able to interview the ambitious Mrs. Faye about her
business plans, the details of which are provided below:
My
name is Sam Gant and I'm currently one of the Client Relationship Managers
active in Senegal. On Thursday June 14th I stopped by Mme Faye's atelier in
Parcelles 12, a small workshop attached to her family's house with bookshelves
full of brightly colored fabric and a very fat rabbit dozing under the
footpedal of her sewing machine. Mme Faye is garrulous and savvy, and explained
to me that she had divided her Zidisha loan into three parts so as not to use
it all to quickly. Due to the fact that many clients buy BouBous on credit, she
needs to have a significant stock of capital to buy fabric to make new clothes
while waiting to be paid for completed products. She sells between four and six
boubous per month for between 10,000 and 15,000 CFA depending on the complexity
of the order and her relationship with the client. She is able to finish
elaborate garments in a matter of days, a cabability born of experience (she
explained that she has been making traditional clothes since the age of 15, 15
years of experience by now.)
Although
she supports a large family and the profit margins of couture are thin, Mme
Faye's Zidisha loan allows her to dramatically expand her client base and
receive income more regularly. I hope to post a few photos I took of her and
her family over the next few days. If you comment she is also planning to put
up a post sometime next week and I'm sure she would be happy to answer specific
questions.
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