A loan of $1,025 helped a member bolstering their little businesses.


Afde N°2 Group's story

The 5 women of the Association Femme Développement Entreprise AFDE N°2 group have an average age of 40 and live in large traditional extended families in the Cité Lamy district (Thiès region). They met because of being neighbors or related to each other. They have almost the same business: selling cloth and sewing supplies. They are much sought after in this activity.



Intending to improve the quality of their services and expand the size of their businesses, the members of the group confidence decided to join the micro-finance institution IMCEC with whom they are on their second solidarity loan (group loan). The preceding loan was correctly reimbursed. They intend to use this loan to make a significant addition to their inventory of cloth and peanut butter. The cloth and peanut butter are sold retail, for cash, in the big market of Thiès. They each hope to make an average profit of 30,000 F CFA during this loan cycle, which will be used to reimburse the interest on the loan and cover necessities for their extended family, with any remainder reinvested into their businesses.

In this group: Ndoumbé, Ndéye Astou, Aminata, Fatoumata, Rokhaya

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Translated from French by Kiva volunteer Teresa Kramer



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