Sen’ Finances intervention policy is developed while taking into account the framework defined by the Letter of sectorial policy for microfinance in Senegal.
Monitoring/assessment results enable to assess the Foundation achievements in order to offer products more adapted to the sector’s needs and can be used as basis to carry out analysis and research activities.
Products and services
Credit lines to authorized Microfinance Institutions :
- Amount: CFA F 30 up to 300 millions
- Interest rate: 8%
- Maximum duration: 3 years.
Technical and financial assistance to authorized or unauthorized Microfinance Institutions with the support of operational partners.
Research and Documentation on microfinance
Target
Final beneficiaries are most of all people excluded from the classical financial system and more particularly those from the informal sector and rural world due to their low income level, their social belonging and the sector in which they operate. Final beneficiaries mainly include destitute people, independent men and women operating in the microfinance sector, small and micro, medium and enterprises of the informal sector, micro-entrepreneurs of the rural world.
Direct beneficiaries: in a bid to reach final beneficiaries the Foundation uses as intermediaries Microfinance Institutions (MFIs) operating in accordance with the national regulation.
Eligibility criteria
Sen’ Finances bodies in charge of selecting MFIs that might benefit from a grant will analyze the following:
Credit lines to authorized Microfinance Institutions :
