📋 Tender Overview
Project Number
49038
Company Name
UNION OF MUTUAL INSURANCE FUNDS OF THE PARTNERSHIP FOR THE MOBILIZATION OF SAVINGS AND CREDIT IN SENEGAL
Date SPI Disclosed
Jul 9, 2025
Country
Senegal
Region
Africa
Projected Board Date
Aug 14, 2025
Environmental Category
FI-2 - Limited
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Sector
Commercial Banking - Microfinance
Additional Project Attributes
Blended Finance
Project Description
The proposed Project aims to support a Senegalese microfinance institution, Union des Mutuelles du Partenariat pour la Mobilisation de l’Épargne et du Crédit Au Sénégal (PAMECAS or the MFI), with an agricultural risk sharing facility (RSF) of up to US$7 million equivalent whereby IFC will guarantee up to 70 percent of an up to US$10 million equivalent portfolio of eligible loans from smallholder farmers, cooperatives and agri micro, small and medium-sized enterprises (MSMEs). The investment will be tranched with the first tranche covering a c.US$1 million portfolio, with up to US$0.7m loss coverage.
Associated Advisory Engagement
The Project is expected to be complemented by an Advisory Service ( AS ) focused on agriculture, including supporting PAMECAS on an institutional development plan to strengthen its internal processes and ability to expand lending in the agri-sector.
