Menu Search

Oikocredit expands its financial inclusion portfolio with the latest investment in Senegal

Oikocredit expands its financial inclusion portfolio with the latest investment in Senegal

CMS.jpg03 November | 2021

Union des Caisses de Credit Mutuel du Sénégal will use the loan to develop its lending portfolio, focusing on rural and agricultural income-generating activities

Social impact investor Oikocredit provided a loan of € 5 million to Union des Caisses de Credit Mutuel du Sénégal (CMS), the only microfinance institution in Senegal with a presence in almost every region of the country. Oikocredit's loan will expand the CMS financial inclusion portfolio across its vast branch network, located mainly in the rural and peri-urban areas of Senegal.

Yves Komaclo, Oikocredit's Investment Manager for West Africa, stated: “We are delighted to support CMS in Senegal for the coming years. We are keen to renew our partnership with this high outreach union of credit and savings cooperatives, which is uniquely positioned to support our regional financial inclusion strategy. We are also pleased to be the first international lender to return to CMS since the post-Covid economic stabilisation. We look forward to joint work supporting local communities while creating a higher social impact in all regions of Senegal.”

Read more in the press release>>

 

« Back

Archive > 2021 > November

Get in touch

Investor Support, Oikocredit International
Berkenweg 7
3818 LA Amersfoort, The Netherlands
workT: +44 (0) 330 355 33 00

Stay informed