A loan of $1,100 helped a member to replenish her stock of poultry and meat.

Afde Group No. 5's story

Ms. Ndeye Arame N. heads AFDE Group No. 5. Aged 60, she has a long experience working in small restaurants. Her aunt on her father's side introduced her to the business, teaching her the trade.

Ms. N. sells breakfast, lunch and dinner and would like to use part of her loan to replenish her stock of poultry and meat. The other part she will invest in her side business: selling hair weaves.

Each member of the group receives 100,000 FCFA for their business. Like Ms. N., Seynabou F. also sells hair weaves; Ms. Fatma F. sells breakfast items (e.g. sandwiches with bean-spread, mayonnaise, eggs, etc.); Ms. Maguath F. sells frozen juices; and Ms. Baba Coumba L. sells fish.

L'Association des Femmes pour le Developpement d'Entreprises (AFDE: Association of Women for Business Development) is a cooperative of small-scale traders working in Thies, a city about seventy kilometers from Dakar. The Association was founded in 1993 by twenty entrepreneurial women as a cooperative to increase their purchasing power and to 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: Ndeye Arame, Seynabou, Fatma, Maguath, Baba Coumba

Loan details

Lenders and lending teams

Loan details