The Mutuelle d’Épargne et de Crédit du Delta (MEC Delta) is a member-owned, nonprofit microfinance institution serving residents of the Upper Senegal River Delta region, an arid, underserved zone on Senegal's Northern frontier.

MEC Delta was originally launched in 1993 as a reaction to the exclusion of young people and women from government-funded rural financing schemes, and became a licensed microfinance institution in 2003. Founded with only 70 members and $700 in startup capital, the institution has worked to professionalize and innovate in the underserved Senegal River delta region while remaining focused on its social mission. Among the many challenges MEC Delta has faced is a bird plague which decimated rice crops and farmer incomes in its operating area in 2005. Today, MEC Delta serves over 7,000 members, providing holistic services to boost agricultural production and household incomes. Toward this end, MEC Delta provides loans for agricultural inputs, loans for investment in agricultural equipment, microenterprise loans, housing loans, express loans and consumption loans.

MEC Delta will raise funds on Kiva's platform to support two types of loans: agricultural loans and microenterprise loans for the handicapped. MEC Delta's flagship loan product, the Country (agricultural) loan product is well-adapted to the needs of rice farmers in MEC Delta's operating areas. The loan is disbursed in the form of agricultural inputs (seeds and fertilizers). The price for the farmer's rice is fixed at the time of disbursement, and the farmer then repays with rice, which MEC Delta's sister organization, Delta Grisol, brings to market. Thus, MEC Delta members' incomes are protected from fluctuations in rice prices, and all members benefit from negotiating together to get better prices for their crops. With Kiva lenders' capital, MEC Delta will also create a new loan product targeting handicapped people in its operating areas. With financial support, MEC Delta hopes to allow these new clients to launch income-generating activities and live more independently.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jan 24, 2014 Oct 12, 2005
Total Loans $39,225 $608,329,400
Amount of raised Inactive loans $0 $582,625
Number of raised Inactive loans 0 484
Amount of Paying Back Loans $39,225 $122,320,675
Number of Paying Back Loans 48 131,367
Amount of Ended Loans $0 $485,426,100
Number of Ended Loans 0 614,300
Delinquency Rate 58.00% 3.71%
Amount in Arrears $22,750 $2,971,692
Outstanding Portfolio $39,225 $80,096,340
Number of loanDelinquent 33 13,452
Default Rate 0.00% 1.10%
Amount of Ended Loans Defaulted $0 $5,357,098
Amount of Ended Loans $0 $485,426,100
Number of Ended Loans Defaulted 0 16,819
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $572,888
Refund Rate 0.70% 0.75%
Amount of Refunded Loans $275 $4,553,925
Number of Refunded Loans 1 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 2.90% 74.22%
Average Loan Size $806 $419
Average Individual Loan Size $806 $656
Average Group Loan Size $0 $1,831
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,759 $3,423
Average Loan Size / GDP per capita (PPP) 45.83% 12.24%
Average Time to Fund a Loan 14.01 days 5.72 days
Average Dollars Raised Per Day Per Loan $57.55 $73.23
  Average Loan Term 8.59 months 10.42 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 303,265
  Journaling Rate 0.00% 42.41%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.83

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 18% PY 23.00% PY 33.29% PY
  Profitability (return on assets) -2% -0.1% -1.37%
  Average Loan Size (% of per capita income) N/A 46.00% 38.28%

Country Fast Facts

Field Partner Staff

Abdoulaye Diop
Foyel Diop
Mohamedine Diop
Saidou Wade