PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

599765

Primary Business Area

Access To Finance

Disclosure Date

Jan 22, 2014

Country

Senegal

Region

Africa

IFC Approval Date

Nov 22, 2013

Status

Completed

Estimated Total Budget

$1,838,544.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2019

Project Estimated End Date

Dec 31, 2016

Project Description

This project will be implemented through MicroCred Holding, which will support the scaling up of its Senegal affiliate, MicroCred Senegal (MCS). MCSs vision is to be the leading full service, retail micro finance institution meeting the needs of the Senegalese market. In order to achieve this, MCS will introduce new channels to both deepen its reach in existing markets as well as expand and reach new clients in new markets. MCS will leverage these channels by adapting existing credit and savings products for the channels, as well as by developing new products that are adapted to the specific needs of its clients.

Development Results

E&S Risks / Impacts and Mitigation