Senegal: Workshop trains women on credit management
A training workshop which started on Tuesday (February 5th) in Fatick, Senegal, is teaching local women techniques to effectively manage bank credits.A training workshop which started on Tuesday (February 5th) in Fatick, Senegal, is teaching local women techniques to effectively manage bank credits.
This initiative of the Ministry of Women, Children and Women Entrepreneurship responds to the desire of the Ministry to train women in entrepreneurship, before they receive credits, said Nioroko Sow, consultant in the project, quoted by APS news agency.
"The purpose of this training is to enable women to better manage credits allocated to them," she said, adding that the workshop also aims to create awareness amongst women on microfinance activities.
According to the Ministry, similar meetings will be held for women in other regions of Senegal.
The campaign comes just months after Soukeyna Ndiaye Ba, of the Union for Women, Development and Enterprise in Africa (FDEA) has alerted the Senegalese authorities to the fact that women now use fewer microfinance products.
She told newspaper Sud Quotidien last June that the rate of involvement of women dropped 36 percent, falling from 80 percent when this system was set up at the end of the 90s, to 44 percent today.
According to Ms Ba, this phenomenon is linked to the introduction of much stricter regulations, high interest rates and the high concentration of microfinance institutions in urban areas.
She called on the government to take action, such as establishing a dedicated guarantee fund.