A loan of $525 helped a member stocking up with merchandise.

Afde N°28 Group's story

The Association des Femmes pour le Développement de l’Entreprise (AFDE) is an organization of women in small-scale commerce working in Thies, a city about 70 km from Dakar. This association was founded in 1993 by twenty women entrepreneurs to increase their purchasing power by way of a tontine (a revolving credit system in which each member periodically pays a suitable amount and which funds its various members by turns). This policy does not allow every member to be financed on the same day.

The members decided to join IMCEC in order to award loans without guarantee requirements. Thus, the members are divided into sub-groups of five, each with a designated president and a treasurer. These sub-groups, which currently number as many as 63, can be the same for several years but often change their members according to the financing of needs and other considerations.

The AFDE organizes member meetings each month, when all the sub-groups are invited. It facilitates cooperation for its members, enabling them to buy rice and other goods at better prices. The AFDE is lead by a president by the name of Ms. Mame Diarra MAR and by a treasurer, Ms. Ndeye Ndella Diouf , both residents of Thiès.

The president of AFDE 28 is Ms. Bineta S., aged 46, who is married and the mother of four children. She has been active for three years in selling smoked and dried fish and palm oil at the Grand Thiès market. With the loan, Ms. S. wants to get supplies in Mbour and Diaobé, two towns where goods are cheap. She is in this group with the treasurer Ms. Ndeye Sokhna D., a retailer of cosmetics; Ms. Amy T., a retailer of tea and kola; Ms. Fatou F., a retailer of vegetables and fresh fish at her place; and Ms. Aïssatou S., a retailer of carrots cabbage, and turnips at the Grand Thiès market.

All five group members are requesting an amount of 250,000 francs CFA that they are going to share equally for financing their businesses.

In this group: Bineta, Ndeye Sokhna, Amy, Fatou , Aïssatou Mota

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Translated from French by Kiva volunteer Daniel Kuey

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