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Titre : Union des Mutuelles Alliance de Credit et d’Epargne pour la Production (UM-ACEP) Senegal,

Pays : Senegal
Localisation : UM-ACEP is headquartered in Dakar, Senegal. It has a network of 16 branches and 89 sales points widely spread across Senegal.

Actual Start Date : 2017-07-14

Identifiant IATI : XM-DAC-903-SII-39371

Présentation
The project aims at supporting the growth of Union des Mutuelles Alliance de Credit et d’Epargne pour la Production (UM-ACEP) Senegal, a successful microfinance institution in Senegal, in expanding its lending operations in the agri-finance and MSME space. The proposed project consists of a local currency 4-year senior loan of up to XOF4 billion. 50% of the facility is expected to be on-lent to MSMEs in the agriculture sector.

The project includes a possible mobilization of resources from the Global Agriculture and Food Security Program (GAFSP), a multilateral mechanism to support sustainable agriculture in developing countries.

Objectifs
* Access to finance : The Project will enhance access to financial services to micro and small enterprises as well as the agriculture sector, which is expected to lead to job creation, income generation and inclusive growth in Senegal ;
* Demonstration Effect : This is IFC’s first engagement with a financial cooperative in West Africa, and the project is expected to have a positive impact on the perception of the commercial viability of microfinance cooperatives in general and UM-ACEP in particular, and send a strong signal on IFC’s capacity to support leading players as they promote financial inclusion.
* E&S : the Project is expected to help UM-ACEP implement an E&S management system and strengthen its capacity to assess E&S-related risks, particularly in the agricultural sector.

International Finance Corporation

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