Entrepreneurs du Monde's programs in Senegal
Senegal's geographical, historical and economic setting
17 M inhabitants
168th/189th in HDI ranking
28% of women are unemployed
Senegal is a sub-Saharan country located in the far west of the African continent. It covers an area of 196,712 km2 and is bordered by Mauritania to the north, Mali to the east, the Republic of Guinea and Guinea-Bissau to the south and by 700 km of Atlantic coastline to the west.The climate is of the Sudano-Sahelian type, characterised by an alternating dry season from November to May and a rainy season from June to October.
A large proportion of the Senegalese population is inactive; the majority being women, in particular housewives and pupils/students. Senegal continues to be a country with a high poverty rate.
Senegal has a considerable number of social microfinance institutions, but the needs of the population in terms of access to financial and non-financial services are far from being met. This situation is due to :
- The credit conditions, which exclude vulnerable people which means a very large part of the population
- the lack of innovation by MFIs, which are content to offer the same services without taking into account the different needs of the various target customers
- The microfinance institutions’ lack of innovation: always offering the same services without taking into account the differing needs of their target beneficiaries.
- the virtual absence of socio-economic services (training, follow-up and support for beneficiaries) before or after granting loans.
Entrepreneurs du Monde in Senegal
Entrepreneurs du Monde has created four programs in Senegal: Ligoden, Muricasa, Fawrou Remobe and Fansoto.