Senegal Senegal

The relative economic and political stability in modern Senegal is a significant feat attributed to the country's growth through microfinance.

  • Senegal
  • Senegal
  • Senegal
  • Senegal
  • Senegal
  • Senegal
  • Senegal
  • Senegal
  • Senegal
  • Senegal

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  • News


    Bissap juice to encourage microcredit in Africa

    Known for the symbolic form of its flower, the hibiscus is also the plant used for making bissap juice, well-known in West Africa. This delicious juice could become more popular in good-old Brittany, thanks to the self-built business Ker Diop.

  • News

    03.21.11  | MicroWorld

    Microlending gains transparency in western Africa

    Why is MF Transparency putting efforts into west African microfinance?

    In western Africa, microfinance is very dynamic and is regulated by the Union Monétaire Ouest Africaine. However, customers still lack necessary tools. For example, they do not have access to basic presentations about interest rates.
    On the other hand, when microfinance institutions are legally obligated to publish rates, these MFIs do not necessarily know how to implement this procedure.

  • News

    02.21.11  | MicroWorld

    Aissatou Badiane: portrait of a microcredit success!

    Aissatou is an active working woman. Having undertaken various activities in the field of catering, she is now enjoying a certain success as a fruit juice producer.

  • News

    02.14.11  | MicroWorld

    Seyni, MicroWorld correspondant in Senegal

    A classic day in Seyni Fall’s life is quite busy. This 25 years old young lady is in charge of the applications and assists the 50 credit agents who select the borrowers. No need to say that she is an Excel and IT expert. She also helps the credit agents to know their clients better, to take photos of them and collect the information about them for the MicroWorld website. She is the one who takes care of the special relationship between the different actors of the MFI and their French partners

  • News

    02.14.11  | MicroWorld

    « With MicroCred I could finally open the shop I always dreamed of. »

    He started business when he was a student in the 2000’s. At that time he sold teeth brushes and tooth paste to his classmates and also worked as a trolley man during Summer holidays. His ambition was to continue his studies with a MBA in the United States, but the administrative procedures failed. He then decided to quit and permanently run his business.

    At the beginning he bought second hand garments that he ironed and sold. “I had to tighten my belt in order to save money and buy stock.” He says.

  • News

    01.28.11  | La Rédaction

    Microfinance in Senegal off to another start

    In 2009 in Dakar, PlaNet Finance began restructuring and reinforcing microfinance networks. This work has now come to an end. Brice Mbemba-Mbemba, the national coordinator for PlaNet Finance, said that great improvements have been made.
    Mbema-Mbemba said that this project has made a positive impact on the lives of many micro-entrepreneurs, especially for skilled tradespeople and women. Decentralized, adaptable and financial services are now available to them. Other financial services providers have become more professional.

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Economic and Social Context

Senegal has the fourth largest economy in the West African sub-region. The economy is geared mainly towards agriculture, which employs 70% of the population [4], although unfortunately the sector is weakened by low rainfall. Fishing, another key sector of the economy, currently suffers from over-exploitation of fisheries resources. Much of the Senegalese population work in small businesses within the informal sector. This sector occupies an important place in the economy, generating 97% of new jobs in a country where the unemployment rate is around 50%, and 54% of people live below the poverty line. Despite these challenges, the Senegalese economy is relatively strong, and it has an established multi-party political system that has been hailed as a model for democracy in Africa.


• GDP per capita: U.S. $ 1700 [3]
• Poverty rate: 54% [3]
• Unemployment rate: 25.6% [3] (2008)
• External debt / GDP: 22%
• Growth: 3.4%
• Inflation: 1.6%
• annual average exchange rates for 1 USD: 447.81 (2008)
(Source: Export Entreprises SA)


Senegal is known as the land of teranga(hospitality), due to the warm and welcoming nature of the Senegalese people. Although French is the national language, many people speak their own ethnic dialect, the most common being Wolof, which is spoken by around three-quarters of the population. The majority of Sengalese are Muslim, although there is a Christian minority, and many incorporate animist beliefs into their faiths. Senegal is famous for its talented craftsmen and artisans, and its traditional music that is thought to have been the foundation for many modern music styles enjoyed in the West, such as country blues, calypso, reggae, and rap.

Microfinance in Senegal

Since it emerged in the early 1990s, the Senegalese microfinance sector has grown rapidly thanks to a favourable legal framework and several large backers such as the Central Bank of West African States, the World Bank, and the French Agency for Development. Today, there are over 700 decentralized financial institutions recognized, providing financial products and services to people working in a range of sectors in the national economy, and contributing to economic growth and the fight against poverty. After a period of strong growth between 1993 and 2003, the sector has continued to expand, albeit at a slower pace. In 2008, new regulations were introduced which will attempt to address the structural weaknesses in the microfinance sector, and to ensure a minimum standard of professionalism for new entrants into the sector.


[1] Portal microfinance Senegal
[2] Coface
[3] CIA World Factbook
[4] Wikipedia

Republic of Senegal (en)
Drapeau du Sénégal Armoiries du Sénégal
National Motto : Un Peuple, Un But, Une Foi
Official Language French
Capital Dakar
17° 28' 24.06 O
14° 43' 29.06 N
Largest city Dakar
Form of the state Semi-presidential republic
 - President
 - Prime minister
Abdoulaye Wade
Souleymane Ndéné Ndiaye
 - Total
 - Water (%)
Ranked 87th
196 723 km2
 - Total (2010 est.)
 - Density
Ranked 72th
14 086 103 [2] hab.
66.58 hab./km2
 - Decolonisation
From France
4 April 1960
Demonym Senegalese
HDI (2008) 0.502 (average) (153rd out of 177 countries)
Currency Franc CFA (XOF)
Time Zone UTC 0
National hymne le Lion rouge
Internet domain .sn
© Copyright authors of Wikipedia - Source : Sénégal on Wikipedia - This excerpt is licensed under CC-BY-SA
MicroCred Senegal

MicroCred Senegal

MicroCred Senegal’s mission is to support Micro, Very Small, and Small-to-Medium Enterprises in their development through providing financial services that are appropriate to their needs. By taking a personalized approach, MicroCred Senegal assists merchants, artisans, and service providers in expanding their businesses by financing their income generating activities.


MicroCred Senegal is part of the MicroCred Group, which was established in June 2005 by PlaNet Finance with the aim of creating a group of commercial microfinance companies offering financial services to low income entrepreneurs. MicroCred Senegal, created in March 2007, was the third institution in the group, and aims to become a leading microfinance institution contributing significantly to funding for small and medium-sized enterprises.


MicroCred Senegal operates in several industries, including trade, manufacturing, and the service sector. The majority of clients, however, work in the informal sector. MicroCred excludes any activity not permitted by law, such as the sale of alcoholic beverages, tobacco, wood from virgin forests, firearms and all polluting activities that have ecological impact on the area.

Client Profile

MicroCred grants loans to any person under the age of sixty who runs a business and has a minimum of one years experience in the industry, and at least six months of uninterrupted operation in the locality.


At the head of each local branch there is a branch manager who is responsible for overseeing the entire credit process. They are assisted by the assistant branch manager and a supervisor. They manage the loan officers, who are responsible for promoting MicroCred in their local community, assessing loan applications, and tracking and recovery of loans.

In the back office, the senior advisor and client advisors are responsible for opening customer accounts, reviewing applications, and advising customers on the fund release process. The senior cashier and team of cashiers are responsible for releasing funds, making cash transactions, and keeping the cash inventory.

Key figures
Date 31/12/2014
Legal Status NBFI (Non Bank Financial Institution)
Number of Borrowers 35,650
Portfolio Size $73,552,999
PAR (Portfolio at Risk) 1.36%
R.O.A (Return on Assets) 3.69%



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    Session de formation à MicroWorld chez MicroCred Sénégal

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    La direction au siège de MicroCred Sénégal

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    Les agents de crédit de l'agence Pikine de Microcred Sénegal

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    Les agents de crédit à MicroCred Sénégal

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    Une conseillère clientèle en agence à MicroCred Sénégal

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    Les caisses en agence à MicroCred Sénégal

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    Le chef d'agence à Pikine et son adjoint

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    En agence à MicroCred Sénégal

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    L'extérieur d'une agence MicroCred Sénégal

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