How the African Development Bank and Korea are transforming African villages and boosting rural economies

Sylvie Zounon, a single mother of four, received a $500 loan under the Saemaul Undong Model Village project and invested it in her tomato farm in Zatta Village in Côte d’Ivoire. Sylvie now cultivates 2.5 hectares of land and employs five permanent staff and six support staff. She paid back the loan in four months, expanded her business and is now able to send her children to school. With support from the African Development Bank, the Korea-Africa Economic Cooperation Trust Fund and the Government of Cote d’Ivoire, the project has transformed the economies of two villages and improved the lives of 2,961 inhabitants in Zatta and N’gbekro, two villages near Yamoussoukro, the country’s capital.

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