The official launching of Fonsdev Bumba’s activities took place on 14/11/2009, as part of the “project to strengthen the socio-economic capacity of the peasants of the territory of Bumba”, financed by AECID / ALBOAN. Initially, more than 250 solidarity members mobilized solidarity savings of more than $ 5,000, thus constituting the social capital of their Fonsdev. This has allowed Fonsdev Bumba to start granting credits to those who need it.

The activity of tontine savings was launched in Bumba in January 2010. The work began with the feasibility study, the identification and awareness of neighborhoods with high economic activity that constitute areas of collection of savings tontine. The promoters were trained and they began to go to these identified areas to interest the sellers of the displays, the shops, the sellers of the empty bags, the shoemakers … to accept to join the tontine. As soon as the person has agreed to spare, the promoter goes to him daily to recover his bet. There it fills, signs or codifies the card following the putting of the member. She then handed the card to the owner (tontine member). It also fills in the payment slip, returns the slip to the Supervisor for verification and pays the collected amounts to the Fonsdev fund.

Before withdrawing the money saved at the end of the month, the member must bring his / her card with the supervisor. The supervisor receives from the promoter the list of members of the tontine savings for the month in question. It controls the bets of the card in relation to the amount that is in the slip. He looks at the card if the promoter has validated it by a mention, endorsed and signed the last square of the card presented. It compares the totals of the payment slips to the cash register and the end-of-month list to draw the difference if there is one and to harmonize with the promoter the list in relation to the vouchers. It is after all these checks that the supervisor pays and returns the card to the cashier. The credit union pays the amount to the investor and a daily deposit is retained by the fund. The paid card is kept in the caisse’s archives.

As of April 2010, the activity of tontine savings began to expand markedly by the increase in the number of members and promoters, as well as by the granting of tontine credits and the daily wage Of savers which currently fluctuates between 500 FC to 40.000FC, whereas it varied between 100 FC to 500 FC at the beginning.

To date, the Fonsdev Bumba has more than 1500 tontinier members who have saved more than $ 81,000. Fonsdev Bumba recruited 12 promoters (including 10 women) and a supervisor for supervision and daily follow-up of promoters, since tontine is a high-risk product. The Fonsdev Bumba has also granted tontine credits to more than 500 tontinier members for a value of more than $ 54,000.

Thanks to tontine savings, the culture of savings spread to the city of Bumba, and attendance at Fonsdev Bumba increased.

With access to tontine credits, the poorest people increase and diversify their income-generating activities and have the capacity to provide for their households.

The challenge is to help create the necessary conditions to improve the financial autonomy of the rural world and consolidate endogenous financial intermediation initiatives.

Some elements related to the context of financing rural Africa

The possibilities of access to finance in rural Africa south of the Sahara are very limited. Almost all agricultural banks went bankrupt. The decentralized financing systems that succeeded these banks are mainly settled in urban areas and have important limitations that do not allow them to serve the peasant masses in remote areas with consequences that they do not know finance their projects.

Also, despite the existence of a significant capacity savings mobilization in the villages and local mobilization dynamics through tontines and other forms of savings instruments / credit, farmers still have their eyes turned outward to the financing of individual and collective projects. This has a negative impact on rural development.

Justification of our action: why intervene in this area?

We believe that access to financing by farmers emerged as the prerequisite to lead a sustainable endogenous development because good ideas, good projects can not be implemented without a minimum level of funding.

We believe that relying on the existing dynamics in villages, creating a financial instrument at Community base is likely to strengthen the mobilization of local savings dynamics that can help provide credit to individuals and entities farmers to finance their projects.

intervention strategies: our models

Inades Formation intervenes in the rural finance sector to support the establishment, consolidation and sustainability of farmers’ financial intermediation structures in rural Africa. To date, two instruments are being tested: the Solidarity Fund for Development (Fonsdev) and Savings and Credit Groups (GEC). These structures have the mission to encourage the mobilization of local savings by popular education, providing financial services (savings and credit) suitable and accessible to rural populations, contribute to community development, promote the transfer of financial resources from the city to the village and maintain partnerships with development actors involved in the community.

Over the years, by methods of research-action-training, Inades Training has developed tools and procedures for such institutions to design their development strategies and to define the institutional arrangements appropriate to their conditions and conducive to good governance .

Inades training helps strengthen the managers of these institutions capacity, state technical services and non-state support, development agents and other microfinance stakeholders. It is mobilized in the definition of national strategies and policies, through participation in consultative frameworks for the consideration of the specific quality of rural Africa.

Inades Training is also involved in the reflection on the place and role of new financing mechanisms of the rural world, the impact of microcredit on economic development and their relationship to poverty reduction in rural Africa. A focus is however on the mobilization of endogenous financial resources (local savings).

More information about AVEC

Information about Fonsdev.pdf Rating

International Women’s Day, celebrated every March 8 was also observed by the women members of Savings and Credit Groups (GEC) of Yobo area in the prefecture of Zio under the sign of economic empowerment. These have organized on this occasion with the support of Inades-Formation Togo awareness activities in their communities, hosted a show on local radio and closed events with a ceremony bringing together more people from diverse backgrounds.

JPEG - 105.9 ko

Parade of women

For seven years now, women members of the GEC accompanied by lnades-Formation Togo for improving socio-economic conditions of vulnerable households through its project to promote savings and credit groups celebrate the day March 08 .

This is an opportunity for them to come together and take stock of activities in order to give a new goal. This year it is around the national theme “Economic Empowerment of women is progress for all people” that they decided to get together to celebrate the woman for three days.

Women GEC animate awareness activities in villages on the theme.

All agreeing that the theme of this year’s celebration of Women in Togo between straight with their activities in the GEC, women have facilitated outreach activities in the villages of the area through debates talks.

JPEG - 123.4 ko

Discussion and debate led by GEC’s women

They have over the activities made it clear to the people and especially women, need a woman to be independent these days. They also demonstrated through examples of how women being independent economically contribute to the development of their household, their environment and their community. Women also sought the support of men without which this progress for everyone would be an illusion. They did not forget to mention with joy their membership of the GEC, a tool promoted by INADES Togo which contributes greatly to the resolution of several problems within their households and communities. The women took the opportunity to invite their counterparts from other villages to integrate GEC to benefit their economic and social development.

Outside activities, women led a live broadcast on a local radio station in the same day March 08. This media release was for them one more way to make visible, promote the GEC and address a large number of people. They essentially through this passage on the radio say they belong to the GEC and wish that all women of the area adhere to the GEC.

JPEG - 97.8 ko

The authorities involved in the ceremony

All these activities were concluded by a grand ceremony Wednesday, March 12 marked by the presence of local and administrative authorities and several guests who enjoyed the testimonies of women on the benefits of savings groups in households the lives of GEC. It was also an opportunity to officially present the five (5) local volunteers introduced to the methodology AVE & C that promote the GEC in the area. The promotion of culture was also on the program of events through the folk and traditional dance of the medium.

JPEG - 97.7 ko

Folk dance performance








A women’s football match to end protests in beauty

JPEG - 92.6 ko

Women’s Soccer Team

To give another color to the ambience and end all in beauty events marking the celebration of the day of 08 March, a women’s football match pitted the women members of the GEC in Yobo area.

More information: Inades-Formation Togo is working to improve socio-economic conditions of vulnerable households through its project to promote savings and credit groups. This project, which mainly affects women in a rural environment also focuses on strengthening women’s leadership. The celebration of International Women’s Day is an opportunity for the GEC to make visible their activities and conduct advocacy on issues of concern to women in their communities
Essi Amégan