A loan of $1,375 helped purchase of wood from sawmills; equipping a storage facility; transportation of the wood to furniture craftsmen and shipbuilders.

Younousse's story

This is a group loan which will be shared by the fifteen members of the Deggoo association in the village of Oussouye in the Casamance region of southern Senegal. The group describes their business plan as follows:

“The Deggoo group is an association of the youth of the Escale neighborhood of Oussouye, who have initiated this project in order to combat unemployment, migration from rural areas, the loss of security for young women and juvenile delinquency. The purpose of the loan is to provide all the traditional furniture craftsmen of the area with wood, as well as the producers of wooden pirogue boats for fishing on the high sea. We will go out and buy boards from the various sawmills of the region in order to meet the demand for wood, which far exceeds the supply in our area. We will set up a building to serve as a storeroom; in this way, therefore, we will start up and manage our wood-selling business.”

Original French:

« Contexte du Projet: Le groupement Deggoo est une association de jeunes du quartier Escale à Oussouye qui à initié ce projet pour lutter contre le chômage, l’exode rural, la déperdition des filles et la délinquance juvénile

Objectifs du Prêt : De pouvoir ravitailler tous les menuisiers du département en bois et lutter contre le chômage, l’exode rural, la déperdition des filles et la délinquance juvénile
aussi les constructeurs de pirogues pour la pêche en haute mer.

Activités : Nous irons achetés des planche dans les différentes scieries de la région afin de pouvoir satisfaire la demande qui est très supérieur l’offre dans le département. Nous aménagerons un local qui nous servira de magasin de stock ; ainsi donc, nous mènerons nos activités commerciales de vente de planche. »

Background :

Senegal is one of the world’s poorest countries, yet its solid democratic tradition and highly developed associational life distinguish it from other countries in its income group. Especially remarkable are Senegal’s networks of rotating savings and credit associations, which provide the rural poor throughout the country with small loans to finance modest income-generating activities. Repayment rates within these groups are excellent, because they are based on local reputation and personal trust between the members. However, their financial resources are limited to the contributions of their members, frequently subsistence farmers with very little disposable income. This has prevented the traditional associations from meeting the demand for rural microenterprise loans and restricted their impact on the economic development of their communities. Senegal Ecovillage Microfinance (SEM) works with our partner organization CRESP to bridge this gap by linking traditional village credit associations with outside sources of finance.

Loan details

Lenders and lending teams

Loan details