Loan of €1.1M *
(equivalent in local currency)
*Outstanding amount at grant valuePartner website
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 :
Vision Fund Senegal is a microfinance institution established by World Vision International and whose mission is to facilitate rural and vulnerable populations access to a conventional financial system, to local financial services, the opportunity to launch or develop income-generating activities and, in general, the possibility of improving their living conditions. Vision Fund Senegal primarily targets women microentrepreneurs, using the group lending methodology.
VisionFund Senegal allows empowering families to create income and jobs, and unlocking economic potential for communities to thrive. The products and services offered fall into five broad categories: microloans, savings programmes, microinsurance, training and education. Benefits include sustainable livelihoods, increased economic well-being, improved community well-being, decreased dependence on outside aid and restoration of hope and dignity.