Uimcec

UIMCEC moves to the Rural and Agricultural Finance market UIMCEC is a microfinance institution, member of PAMIGA, operating mainly among women and micro entrepreneurs in rural and peri-urban areas in Senegal. The institution has more than 100,000 clients for a loan portfolio equal to 15 million euros. For a few years, UIMCEC has been considering ex... tending its strategic market positioning on rural and agricultural finance. Several studies were conducted to this purpose on agricultural segments, the financing needs of farmers, and processing companies. In December 2013, the results of these studies were presented to the governance and the MFI's main financial and technical partners. UIMCEC has been cooperating with PAMIGA on its productive water program in rural areas, and finds relevant to develop a strategic partnership in the context of the design and implementation of its Center for Agricultural Finance project (CFA) in Senegal. In this respect, a mission was organized in March 2014, attended by PAMIGA's General Manager and its West and Central Africa Representative. The mission enabled to initiate the first dialogues with the management team, the Board of Directors, the key technical and financial partners, in particular OIKOCREDIT Senegal and the PALPS (program funded by ACDI, UNCDF and UNDP). Field visits were also organized to meet local farmers, clients of UIMCEC.Read More