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
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
Regulated: 
yes

Partnerships

Current
Name Relationship
Fern Software Vendor
Mifos Vendor
Former
Name Relationship
Kiva Funding

At a glance

  • Assets
  • Gross Loan Portfolio
  • Equity

References