A loan of $1,100 helped a member to buy more vegetables.


Afde Group No.3's story

L'Association des Femmes pour le Developpement d'Entreprises (Association of Women for Business Development) is a cooperative of small-scale traders working in Thies, a city about 70km from Dakar. The association was founded in 1993 by 20 entreprenurial women as a cooperative to increase their purchasing power and organize a tontine. A tontine is a revolving group loan in which each member contributes a small amount to a daily fund, with a different member financed each day. The tontine has evolved to more formal group loans through UIMCEC. For such loans, the members are split into five-member groups, with a designated president and treasurer. These sub-groups may be the same for many years, but often change members depending on financing needs and other considerations. The AFDE organizes monthly member meetings and runs a cooperative for its members, allowing them to buy rice and other staples at a better price. The association's President is Ms. Mame Diarra Mar.

All five of the women of AFDE Group No. 3 work in the main market of Thies. Ms. Penda N., 42, is the group's president. She has been a merchant for 22 years. She sells vegetables. She is married and the mother of four children. She lives with her family in the Cité Lamy neighborhood. The other four members all sell fish, which is transported from the fishing towns along the coast. Each member will receive a 100,000 credit for her business.

In this group: Penda, Sokhna, Ndioro, Fatou, Saly
*not pictured



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Loan details