A loan of $1,025 helped a member supplies of merchandise.

Femmes Commerçantes N°18 Group's story

The group “Femmes Commerçantes” (F.C.), as its name indicates, is a network of women who are active in commerce. It is based in Grand Thiès and was founded in 1992 by Ms. Maty Niakh, the network’s current president. She got the idea of forming the network after participating in a training session run by the NGO OXFAM in Thiès. She is therefore quite knowledgeable about group management, entrepreneurship, etc.

The network members are extremely devoted and meet once a month.  Beyond a membership fee, each member must pay 200 francs CFA monthly into a solidarity fund.

Desiring financing, they decided to join U-IMCEC. This is why their network was split into nineteen sub-groups of five persons each to ensure a better profit outcome. For the second time, they are requesting a loan of 100,000 francs per member, that is 500,000 francs per sub-group, to develop their various businesses.

However, payments are made at the monthly meetings to the group president, assisted by the group treasurer, Ms. Coumba Seck, who are then responsible for reimbursing U-IMCEC. In the words of its president, the network has only one single, noble objective: to fight family poverty. The network currently numbers nineteen sub-groups, each with its own president and treasurer.

As for the sub-group Femmes Commerçantes N°18, the president is Ms. Vénise T.. She is a married woman and the mother of two children. She sells fabrics and soap from Cote d'Ivoire. With her share of the loan, she plans on stocking up on merchandise from Rosso in Mauritania.

The other members of this sub-group are Ms. Bineta Kassé, the treasurer and a vendor of clothing and shoes; Ms. Sabou M., a student hair stylist and vendor of hair weaves; Ms. Aïssatou Lame N., a merchant of cosmetics; and Ms. Anta D., who sells vegetables.

In this group: Vénise, Aïssatou Lame, Bineta, Sabou, Anta

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Translated from French by Kiva volunteer Daniel Kuey

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