A loan of $1,200 helped purchase of cloth, lace, etc. for traditional clothing production.

Younous's story

This is a group loan to be shared by the five women of the Daw Thiow association, led by Younous D.. In their loan application, the group described their business as follows:

“Background: The Daw Thiow group is a group of young tailors in Oussouye who have long been active in local development, having chosen as their business sewing and the sale of clothing.

Objective: To contribute to the care of our families and assure continued development of our association.

Business activities: Purchase of cloth and production of clothing for sale in the local community and region.”


Senegal is one of the world’s poorest countries, yet its solid democratic tradition and highly developed associational life distinguish it from other countries in its income group. Especially remarkable are Senegal’s networks of rotating savings and credit associations, known as tontines. Commonly organized by groups of twenty to thirty housewives who live in the same village, the tontines provide poor women throughout the country with small loans to finance modest income-generating activities. Repayment rates within these associations are excellent, because they are based on local reputation and personal trust between the members. However, their financial resources are limited to the contributions of their members, frequently subsistence farmers with very little disposable income. This has prevented the traditional tontines from meeting the demand for rural microenterprise loans and restricted their impact on the economic development of their communities. The SEM Fund works to bridge this gap by linking traditional village credit associations with outside sources of finance.

Original French business description:

«Contexte : : Le groupement Daw Thiow est un groupement des jeunes tailleurs Oussouye qui travail depuis très longtemps dans le cadre de développement et Ayant choisit pour activité ; la couture et l’exposition vente..

Objectif : Contribuer à la gestion de nos familles et assoire une bonne politique de développement dans notre entourage.

Activités : Achat de tissus et confection d’habit vendu dans la commune et dans le département»

Loan details

Lenders and lending teams

Loan details