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 Banking & Fin.    Microfinance Institutions

GAWFA Finance Co. Gambia Ltd. (GFC)

Contact Address:
(GAWFA) Gambia Women's
Finance Association

(GFC Limited)
Kanifing Industrial Estate
PO Box 81, Banjul
The Gambia, West Africa

Tel no: 4397063
Fax:      4397062


The GAWFA Finance Company Gambia Limited (GFC) was founded in Banjul in 1987 as a non-profit NGO whose main aim is in empowering low-income women entrepreneurs through microfinance.

It began with a direct lending program offering microcredit services to poor farmers, people engaged in income generating commercial activities and enterprise training. In the same year it was allowed membership into the Women's World Banking (WWB) network in New York.

Loan Products:
• Individual
• Large Group
• Solitary Group

* Lending to groups stands at around 65% of its activities - most of which is outside of Banjul capital.

In 1990 a loans scheme (supported by Standard Chartered Bank Ltd and the woman’s World Bank (WWB) was launched to provide greater access to credit for women. In 1994 however, due to the quite poor repayment rates, GAWFA made it a condition that customers had to save money before they were allowed access to funds. It also introduced a program of group lending. These changes subsequently resulted in a to a near 100% improvement in repayment rates.

In 1997 GAWFA became the initial microfinance institution to be granted a license to operate as a Savings and Credit Company by the Central Bank of Gambia. This was in line with the 1992 Financial Institutions Act and is targeted at rural and urban areas.

At the end of 2010 GAWFA had a total membership of 49,000 with over 14,000 active borrowers on their files. Over 95% of those that the company lends money to are women who wish to pursue various business enterprises.

Its membership services includes non-financial assistance such as training for capacity building via its affiliated partners and related organisations.

In January 2010 the GAWFA was instructed by the Central Bank to set up a finance company, with shares, to take over its financial services activities.

Other Products & Services:
• Integrated Savings and Credit Scheme
• Business Advice and other Activities
• The Voluntary Savings Scheme

Gambia Micro Finance Network
Ministry of NGO Affairs
GOTG & Rural Finance Project - IFAD
The Association of Non Governmental Organizations (TANGO)
The Gambia Social Development Fund (GSDF)
Women's Bureau

One of its other functions is in the area of campaigning and lobbying to influence government policy for the benefit of low income females and microfinance organisations.

Today, GAWFA stands as the first and largest microfinance institution in The Gambia with a number of branch offices spread in the rural village areas.

GAWFA Branches:
North Bank Office
Upper River Region

From the Mamadi Manjang Highway go into Jimpex road and take the second turn to your left and the MFI is located to your right.

Opening Hours:
Monday to Thursday: 9am to 5pm
Friday: 9am to 12.30pm
Saturday/Sunday: Closed
 Banking & Finance  
Microfinance Institutions

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