The project belongs to a well known Economist of the world . The motive of this project was to enable the Senegalese people to benefit from the economic opportunities in order to build financial wealth. Major population of Sengalese people do not have a bank account, which means they do not have access to many services available from banks.
The idea was to create an interactive mobile application where the members of Sofadel will buy the SENs (Complementary currency) and they will be able to use them for day to day transactions within their cities. This will enable Sofadel to get the money in CFA Francs and in return provide credit in SENs to the Sengalese people.
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