Senegal > Senegal Ecovillage Microfinance Fund (SEM)

About the Field Partner

Field Partner:	Senegal Ecovillage Microfinance Fund (SEM)
Field Partner Risk Rating:	(Learn more)
Time On Kiva:	45 months
Kiva Entrepreneurs:	1096
Total Loans:	$342,725
Delinquency Rate:	N/A - see note
Default Rate:	0.00%
Currency Exchange Loss Rate:	0.00%
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Kiva Fundraising Status

Fundraising Status:	Active
Kiva Notes:	This partner specializes in agricultural loans which have abnormal collection periods and, for this reason, these on time repayments cannot be accurately represented in our database. Our engineers are working on this problem, and we have chosen not to make these delinquencies public as we do not have a degree of confidence in these particular figures.
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Other Information Sources

MIX Profile:	View MIX Profile
Network Affiliation:	None
Social Performance Reporting Level:	N/A
Consumer Protection Principles:	N/A
Field Partner Website:	View Website
Email Contact:	john@sem-fund.org

Status update - August 6, 2009:

Kiva recently modified its methodology for assessing the level of risk presented by its Field Partners. This new process is more rigorous and measures partner performance along additional key dimensions of risk. SEM's new risk rating stems directly from the switch to this new methodology and is not a reflection of any changes at SEM, nor does it incorporate elements of social performance such as SEM’s outstanding journaling rate on Kiva or the impact of SEM loans in improving the lives of loan recipients.

To date, SEM has had a 100% repayment rate on all Kiva loans.

Partner Description:

The Senegal Ecovillage Microfinance Fund is a 501(c)(3) nonprofit dedicated to helping alleviate poverty in Senegal by providing affordable business loans aimed at strengthening the business skills and livelihoods of highly motivated microentrepreneurs that cannot access the commercial banking system. Currently, our focus is the thirty-eight poverty-stricken villages of the Global Ecovillage Network, Senegal (GENSEN).

SEM's mission is to help break the cycle of poverty afflicting the people of developing countries. We are based on the premise that effective and sustainable development can be achieved by opening up opportunities for poor people to control their own economic futures.

Listen to an interview with John Fay, Director and Co-Founder of SEM, here.