A loan of $1,100 helped a member reinforce each member's small business.

Afde Group No.13'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 twenty entrepenurial 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.

Ms. Rokhayatou D. is the young president of her group, Afde No. 13. She had studied hotel and restaurant management, but found it difficult to find a job, and hence began her current activity of selling clothing. She buys fabrics, which a tailor then makes into clothes. In turn she then sells the clothes to her clients. Ms. D. has one child, aged 5. Ms. Aissatou Fatim N. is the group's treasurer. Her main activity is selling juices, which she prepares from bissap flowers and monkey bread (baobab fruit). Each group member will receive a loan of 100,000 FCFA for their business. The other three members are Ramata Touré, Khady F. and Fatou Binetou N..

In this group: Rokhayatou, Aissatou Fatim, Ramata, Khady, Fatou Binetou

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Lenders and lending teams

Loan details