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CREDIT AND CAPACITY BUILDING FACILITY FOR PRIVATE SECTOR DEVELOPMENT AND VALORISATION OF SENEGALESE RESIDING IN ITALY

Senegal

Initiative timeframe: 2008/2015

Total initiative costs

€ 23,700,000.0
Reparted as
  • Loans € 20,000,000.0
  • Grants € 3,700,000.0

Dati finanziari aggiornati al 30.11.2015

Status

Not available

Senegal


Location

The program is implemented at the national level but the areas with the highest concentration of interventions are the Region of Dakar, Thies, Kaolack and St Louis.

Photo gallery

The credit is aimed at financing a programme in favour of Small and Medium Enterprises read more close

Main outcome

Support to private SMEs of senegalese law active in the primary sector, industrial or service.

Initiative data

Initiative number 008891
Purpose Small and medium-sized enterprises (SME) development
Sector III.2.a. Industry, Total

Subjects

Agency MAE - Direzione Generale per la Cooperazione allo Sviluppo
Counterpart authority Senegalese Ministry of Economy and Finance and Microfinance Department of the Ministry of Women , Family, Female Entrepreneurship and Childhood
Representative pasqualino.procacci@esteri.it
Other financiers Senegalese government: 350.000 €

Beneficiaries

- The beneficiaries include several categories of actors: - Financial Institutions Local (banks, microfinance institutions, leasing companies); - SMEs (giving priority to those women and consist of members of the Senegalese diaspora in Italy); - The members of microfinance institutions that have submitted a credit application for the initiation or consolidation of a micro-enterprise project).

Guidelines Implementation Program (Download)

Document, signed by governments (Italy and Senegal), that outlines the basic principles of operation of the program and the roles/responsibilities of the institutions involved.

Date Sept. 2, 2011

ACRE - Framework Agreement Refinancing (Download)

It defines the conditions of the credit applicable between the Senegalese Ministry of Finance and the financial institutions involved. It also defines credit terms applicable to the final beneficiaries.

Date Aug. 5, 2008

The program included the establishment of a trust fund by the Senegalese counterpart. This fund was set up only in the last year of the project.

Many requests for funding, especially presented by the economically weak, could not be successful because of the absence of guarantees. Local financial institutions do not provide credit if not protected by collateral and/or guarantees.

Actions taken

Alternatives collaborations were initiated with other development agencies that offer assurance systems.

Ente locale: Direction de la Microfinance

Call for proposal "Technical Assistance to Small, Medium and Micro enterprises in the central regions of the territory of Senegal ( Kaolack , Djourbel , Thies )". - Regional Development Agency (ARD) of Kaolack in partnership with the Association "Cadres sans Frontières"; - ARD Diourbel in partnership with the "Chamber of Commerce Djourbel " ; - ARD Thies in partnership with the "Chamber of Commerce of Thies". These structures have provided to identify priority areas and sectors in line with the plans of local economic development and to accompany (atelier of economic animation) the local private actors (SMEs, micro-entrepreneurs, groups of manufacturers/ producers, cooperatives , etc .. ) in a process of technical and financial assistance.

Status Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation

Ente locale: Direction de la Microfinance

Call for proposal "Technical and financial assistance for the creation/consolidation of joint ventures Italo- Senegalese" - Association "Invest Strategy Italy Senegal - ISIA": this association has identified business opportunities in Senegal and promoted, through a workshop be to be, the direct contact between Senegalese and Italian companies. From connections developed between the partners, 5 feasibility studies have been made on the development of more sustainable technical and economic proposals. It has also been developed (Etimos sc) an innovative financing mechanism (venture capital) to support the creation of joint ventures between Italy/ Senegal, thanks to the tools offered by Article 7 of Law 49/87.

Status Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation

Ente locale: Direction de la Microfinance

Call for proposal: "Technical assistance to microfinance institutions (MFIs) for risk analysis and management of credit products aimed at micro, small and medium enterprises. "Cabinet "AGIR - Dakar": It has taken steps to organize training courses to 9 IMF signed the agreement with the MEF for the management of the credit line Plasepri. For each activity carried out the action contexthave been highlighted, the objectives of each training, the teaching methodology followed, the level of appreciation of the beneficiaries and the recommendations to be implemented in the future.

Status Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation

Ente locale: Direction de la Microfinance

Call for proposal "Feasibility study for the creation of a business incubator for innovative economic development and local socalie Region Kaolack". Institute of Food Technology (ITA), University of Kaolack and Sine Saloum, Kip International School. The consortium has taken steps to carry out a feasibility study whose goal is to define, with the involvement of local and specialized actors, an executive plan of implementation that promote the adoption of innovative methods and technologies in the creation of micro, small and medium-sized local enterprises. The study was also completed with the creation of a national catalog of technologies, methodologies and innovative processes that will be a valuable tool for the capitalization of consocenze existing in the country.

Status Almost Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation

Ente locale: Direction de la Microfinance

Call for Proposal "Technical Assistance Project for entrepreneurs women and women working in cooperatives, associations and groups of economic initiatives related to the main productive sectors of Senegal." ONFP (Office National pour la Formation Professionnelle) was commissioned to identify (in the regions of intervention) and accompany a total of 500 women entrepreneurs in business management and in the development of business plans which may constitute the necessary documentation to apply for funding to local financial institutions.

Status Almost Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation

Ente locale: Direction de la Microfinance

Technical assistance Senegalese Diaspora in Italy. VENETO REGION, CISAO (Italian Chamber of Commerce in Senegal), CEI PIEDMONT, Association AFRICA AND THE MEDITERRANEAN, Province of Livorno. Each structure, in the area of intervention, provided for the dissemination and disclosure of financial instruments (and not) offered by PLASEPRI and accompanying technical preparation of funding applications promoted by Senegalese promoters residing in Italy.

Status Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation

Ente locale: Direction de la Microfinance

Call for proposal "Project of financial education for Senegalese living in Italy and the families remain in the country of origin." DELTA Consulting, Association of Senegalese Assos B, Association of Senegalese FAST. The association selected has provided, through the involvement of associations of Senegalese in the Italy, the implementation of training courses for the management of income-generating micro-activities. Secondly, the formation aims to strengthen the link between the members of the Senegalese community and Italian operators of microfinance in Senegal for the enhancement of remittances that can, if properly channeled, contribute to the development of business initiatives.

Status Almost Completed
Type Technical Assistance/Consultancy and related expenses
Procedure Call for Proposal
Procurement notice Tender preparation