A large number of people in Senegal still has no or only limited access to basic financial services. MicroCred Senegal was founded in 2007 with the aim to provide an increasing number of people access to these services. The majority of its loan clients have a loan of less than EUR 750 and two-thirds of loans are issued to women. Triodos Fair Share Fund and Triodos Microfinance Fund have provided a loan to enable MicroCred Senegal to grow.
KEY INDICATORS MicroCred Senegal at year-end 2012:
- number of loan clients: 27,436
- percentage female clients: 48%
- percentage rural clients: 0%
- average loan amount: EUR 1,332
- number of savings clients: 76,415
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.