Many of the people in Senegal are hardworking, resourceful, and eager to improve conditions for themselves, their families, and their communities. However, overwhelming economic and environmental hardships severely limit the opportunities for growth and advancement available to even the most industrious community members. Local bank loans are available, but come with high interest rates and challenging repayment terms.
Yermande's Rolling Local Enterprise Loan Program gives local entrepreneurs access to the capital they need to start or expand a small business project. Supporting the local economy through this kind of investment not only allows the business owner to improve conditions for their family, but also benefits the local village by increasing access to needed goods and services.
Small interest-free loans with generous repayment terms are awarded to approved projects. When the loan is repaid, the money returns to the fund ready to be reinvested in another project. As little as US$100 can help a citizen of Senegal start or grow an enterprise that will provide ongoing benefits for their family and local community.
See a LIST OF CURRENT PROJECTS and consider funding one today.
THIS PROJECT HAS BEEN FUNDED
Awa Badji runs a local vegetable stand and needs capital to purchase wholesale goods.
Sohouna Diedhiou purchases fish in bulk during the off season and dries them.
THIS PROJECT HAS BEEN FUNDED
Aisso Diedhiou sells clothing, shoes, accessories, and fabric in her small shop.
Ndeye Sohouna Diatta purchases beans, corn, and millet in bulk and repackages them in small quantities for retail sale.
Khadidaitou DjiBa smokes fish and sells produce from her small garden.
Kandji Djiba sells her popular snacks door to door in the village of Gafanta.
THIS PROJECT HAS BEEN FUNDED Awa Badji runs a small vegetable stand. To date, her sales have been limited only by the amount of inventory she is able to obtain. With the Local Enterprise Loan, Badji will be able to purchase larger quantities wholesale and reinvest future sales in the growth of her business.
During the rainy season there is a surplus of fish. Sohouna Diedhiou purchases fish in bulk during this time and with her team dries them, preserving them to be used in cooking throughout the year. The loan will provide her the necessary capital to purchase more fish for drying.
THIS PROJECT HAS BEEN FUNDED Aisso Diedhou runs a small shop where she sells clothing, accessories, shoes, and fabric. There is demand for these goods in the village, but they can been hard to obtain. Most vendors come from the capital. With the loan Diedhou can increase her inventory, increasing sales, and providing goods to the local community.
Ndeye Shouna Diatta purchases beans, corn, and millet and repackages them for resale in small amounts good for family cooking. She sells them from her home in addition to produce from her small garden. The loan will allow her to purchase more inventory and increase sales.
Kandi DjiBa is a popular local woman who sells snack foods door to door in the village of Gafanta. With the loan she can purchase more supplies and sell more products.