A loan of $1,025 helped a member to buy fish and vegetables.

Afde No 20 Group's story

“Association Femme Développement Entreprise Numéro 20” is composed of five women who average 45 years of age and who live in large traditional extended families in the Cité Lamy district in Thiès, a city located 70 km from Dakar, the capital of Sénégal. These women know one another through ties of community and kinship, and they do almost the same work, selling fish and vegetables. They are very experienced and in high demand in this business.

With regard to improving the quality of their services and expanding their businesses, the members of this reliance group decided to join the micro-finance institution IMCEC. They received a group loan before from IMCEC, and they indeed repaid it.

The group members plan to use this loan to replenish their stock of fish and vegetables, which they will sell retail in cash transactions at the Grand Thiès marketplace. Fish is an essential part of Senegalese cuisine, so there is always a lot of demand.

The group members hope to realize an average profit of 20,000 francs CFA in the course of this cycle. The profits will be used to make loan interest payments, to provide for family needs, and to invest the rest in business.

In this group: Maimouna, Ngoye, Raky, Aissatou, Penda

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Translated from French by Kiva volunteer Daniel Kuey

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