MFI ReportPartnerships
| Name | Relationship |
|---|---|
| Fern Software | Vendor |
| Mifos | Vendor |
| Name | Relationship |
|---|---|
| Kiva | Funding |
Mission:
The Senegal Ecovillage Microfinance Fund advances the economic opportunities and business skills of low-income villagers through microfinance loans and business training.
Background and Main Challenges:
SEM is a partnership between a team of US-based volunteers and the Global Ecovillage Network, Senegal (GENSEN), an association of thirty-eight Senegalese villages that collaborate to promote environmentally friendly development and integrate modern information technology with traditional ... Read more
SEM is a partnership between a team of US-based volunteers and the Global Ecovillage Network, Senegal (GENSEN), an association of thirty-eight Senegalese villages that collaborate to promote environmentally friendly development and integrate modern information technology with traditional Senegalese values.
SEM's board of directors and volunteer network provide technical expertise, fundraising, ensure complete transparency, and develop relationships with international partners such as Kiva.org and the US Peace Corps. SEM's in-country management team and other GENSEN members design credit policies and ensure effective day-to-day administration of the lending program.
SEM is a unique and innovative organization that will continue to build a solid record of providing opportunity to those motivated to pull themselves out of poverty.
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SEM's board of directors and volunteer network provide technical expertise, fundraising, ensure complete transparency, and develop relationships with international partners such as Kiva.org and the US Peace Corps. SEM's in-country management team and other GENSEN members design credit policies and ensure effective day-to-day administration of the lending program.
SEM is a unique and innovative organization that will continue to build a solid record of providing opportunity to those motivated to pull themselves out of poverty.
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Address:
30 Clark Street
Canton
New York
NY
13617 United States
Senegal
Phone:
(703) 472-4369
Email:
info [at] sem-fund [dot] org
Website:
Main Funding Sources:
Grants
Loans
Products and Services:
Loans
Training and Consulting
Products:
SEM provides collectively guaranteed loans to independently formed groups of entrepreneurs, often womens' rotating savings and credit groups (tontines). Most loans are repaid monthly over a twelve-month period, with a flat/simple interest rate of 10% of principal.
Looking for (Investment Types):
Donations
Capacity Building Grants
Loans in US$
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 2004
FYE:
31-Dec
Current Legal Status:
NGO
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
References
Marian Zeitlin
