A loan of $1,100 helped a member to finance her fish-selling business.

Afde Group No. 19's story

Afde group No.19 is led by Ms. Maymouna D., aged 50. Since her husband's retirement, she has been working as a vendor to make ends meet. Like many women in the market, she sells palm oil and smoked fish. Ms. Sarr D., aged 40, is the group's treasurer. She also sells smoked fish, in addition to various vegetables and has been active in the trade for 17 years. She is married and the mother of five. The other three members of the group are: Fatou Kébé, who has a small breakfast stall, Aissatou N. and Awa N. who sell vegetables. Each member recieves a loan of 100,000 FCFA to reinforce their activities.

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 twenty entrepenurial 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.

In this group: Maymouna, Sarr, Fatou, Aissatou, Awa Ndieng

Loan details

Lenders and lending teams

Loan details