DER financing: how to put together a file and benefit from financing

Visit Délégation Générale à l'Entrepreneuriat Rapide des Femmes et des Jeunes (General Delegation for Women and Youth Rapid Entrepreneurship) (DER/FJ) is an initiative put in place by the government Senegal to support entrepreneurship among young people and women through tailored financing. Since its creation in 2018, DER has handled more than 350,000 fileshelping thousands of entrepreneurs to realize their projects.

But how can you benefit from this funding, and what steps do you need to take to apply? This article takes you through the DER application process in detail, explaining the documents required and the criteria to be met.

How do I submit a file to the DER?

To access DER financing, it's crucial to follow a rigorous procedure. Each step, though simple at first glance, requires careful attention to maximize your chances of success.

1. Preparation of essential documents

Before you begin your online application, you'll need to gather a number of administrative documents to prove your identity, residence and the nature of your project. Here are the main elements to prepare:

• National Identity Card : You'll need to scan both sides of your ID card.
• Residency certificate This document must be recent, less than three months old.
• Business card If you work in the craft industry, this card will also be required.
• Business plan Mandatory for all funding requests over 10 000 000 FCFAThis document is essential to prove the viability of your project.

2. Create your e-DER account

Once all your documents are ready, you can log on to the DER's official platform, called e-DER. Here are the steps to follow to create your account:

• Step 1: Access the e-DER platform The first thing to do is go to the official DER website and click on the "Create an e-DER account" button.
• Step 2: Fill in the form : Use your National Identity Card to fill in the requested information. Take particular care to enter your National Identification Number (NIN), which can be found on the back of your identity card.
• Step 3: Receive a confirmation code You will receive a four-digit code by SMS or e-mail. This code will serve as your password for logging in.
• Step 4: Log in to your account Log in using your phone number and the code you received.

3. Submission of funding application

Once you've logged on to your personal space, it's time for the crucial step: submitting your financing application. The amounts requested will influence the information you need to provide.

• For financing between 0 and 500,000 FCFA You will only be asked to enter basic information about your project.
• For financing between 500,001 and 10,000,000 FCFA More technical and financial details, as well as a market study, will be required to assess the feasibility of your project.
• For financing over 10,000,000 FCFA In addition to the technical and financial information, it is essential to enclose a business plan document. This document will prove that your project is solid and sustainable.

Once you've completed all this information, click on the "VALIDATE" button at the bottom of the page to submit your request.

4. Confirmation of request and follow-up

Once your application has been validated, a confirmation message will appear on the screen. You can now congratulate yourself: your financing application is officially registered! To follow the progress of your application, you can visit the " MY CREDITS "Click here to access your personal space.

The challenges and benefits of DER Financing

DER financing is more than just financial assistance. It's a real opportunity for Senegalese entrepreneurs, especially young people and women, to turn their ideas into reality and contribute to the country's economic development. DER doesn't just grant loans; it also supports beneficiaries in developing their entrepreneurial skills through training, advice and management tools.

DER stands out for its holistic approach to financing. In addition to financial support, it offers technical assistance to beneficiaries. This includes access to training in business management, development strategy and even digital marketing. This ongoing support enables entrepreneurs to overcome the challenges encountered in the early years of their business.

The diversity of sectors financed

One of the strengths of DER financing is the diversity of the sectors covered. Whether you're in agriculture, the craft industry, technology or the tradeDER is ready to support you. This wide range of services enables many entrepreneurs to find the right support for their projects, whatever their field of activity.

DER financing is a real boon for Senegalese entrepreneurs. By facilitating access to the funds they need to develop their projects, DER plays an active role in the growth of the Senegalese economy.economy and job creation. To maximize your chances of obtaining financing, it's essential to prepare your application carefully and follow every step of the procedure. Thanks to this article, you now have all the keys you need to submit your funding application to the DER and turn your ideas into reality.