Senegal

Financial services

Funding granted

Loan of €2.2M *
(equivalent in local currency)

Foundation partner

since 2009
(6 loans granted)

*Outstanding amount at grant value
Partner website

Context:

The informal sector continues to represent a significant share of GDP. Senegal is among the least developed countries (LDCs) according to the UN, with 50% of its population living below the poverty line. Unemployment affects a large part of the population, especially young people.

The Institution :

The Coopérative Autonome pour le Renforcement des Initiatives Economiques par la MicroFinance (CAURIE-MF) was created in 2005 by Relief Services (CRS) and CARITAS Senegal. Over 60% of CAURIE-MF’s activity develops in rural areas and in 13 administrative regions of Senegal.

Impact:

CAURIE-MF contributed sustainably to the economic and social promotion of poor microentrepreneurs, mainly women, by offering them appropriate financial products and services.

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