A loan of $525 helped a member supplies of merchandise.

Afde N°47 Group's story

Association des Femmes pour le Développement de l’Entreprise (AFDE) is an organization of women who are small-scale merchants working in Thiès, a city located 70 km from Dakar.  AFDE was founded in 1993 by twenty women entrepreneurs to increase their purchasing power by way of a tontine (a revolving financing system in which each member makes periodic deposits as agreed and which lends to a different member by turns).  Since this policy does not allow financing to all the members on the same day, the members decided to join IMCEC in order to be granted loans without the need for collateral. 

And so, the members are divided into sub-groups of five, with a designated president and a treasurer for each sub-group.  These sub-groups, now numbering 52, can remain the same for a number of years, but they often change their members according to the need for financing and other needs. 

AFDE organizes member meetings each month where all the sub-groups are invited. It manages cooperation for its members by enabling them to buy rice and other goods at better prices. 

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.

AFDE N° 47  is managed by Ms. Ndèye Aïssatou F., a 40-year-old married woman.  This mother of four children has been working in commerce for three years.  She sells cloth and cosmetics all across the city of Thiès.  She was influenced by her husband, who is a well-known merchant in Thiès.  With her share of the loan, she intends to stock up on Khartoum-type cloth to get ready for summer.  She shares in this sub-group with:
- Ms. Maréme N., a seller of bread and dinner, for two years.
- Ms. Anta N., who sells cloth at the Thiès market.
- Ms. Awa F., who runs a vegetables table in her district.  She has been selling all sorts of vegetables and dried fish for fifteen years.
- Ms. Aminata Traoré, a itinerant merchant for three years.  She sells cosmetics and hair weaves. 

In this group: Ndeye Aïssatou, Maréme, Anta, Awa, Aminata

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Translated from French by Kiva volunteer Daniel Kuey

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