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UIMCEC Senegal

Cooperative Development Organisation

Implementing Partners and Organisations

UIMCEC, SOS Faim

Period of Implementation

January 2020 - December 2021

Geographic scope

Africa: Senegal

Budget

$ 10,500
€ 10 000

Donor(s)

Others: Own funding

Sector(s)

Banking & Financial Services, Rural Development, Social

Type of Activity

Budget support (Grants or Direct Financing), Governance and Organizational Strengthening, Institutional Building and Policy Dialogue, Training & Capacity Building

Summary

BRS supports UIMCEC in setting up an agrofinance department and all aspects related to it.

Project Objectives

L’Union des Institutions Mutualistes Communautaires d’Epargne et de Crédit (U-IMCEC) was founded in 2005. U-IMCEC strives to improve the income and well-being of families by providing access to appropriate financial services. This allows above all women and young micro-entrepreneurs in rural and suburban areas to develop their activities. U-IMCEC’s aim is to be recognised in the near future as a reference in agro-financing, offering diversified, adapted and innovative services. This is why it focuses on improving its products and services to align them better to the needs of its customers. BRS contributes to U-IMCEC’s ambition to specialise in agrofinance.

Impact on SDGs

SDG1 - No Poverty
SDG5 - Gender Equality
SDG10 - Reduced Inequalities

Main Indicators

Transparency on products
Adapted financial products
Responsible pricing
Overindebtedness

Impact Measurement

Microfact Factstheet
Cerise SPI4 Audit report (social rating)

Direct beneficiaries

Organisations: 1

Individuals: 332275

Local stakeholders

UIMCEC

Key Tags

Entrepreneurship, Food Security, Informal economy