Social Microfinance in Sierra Leone

by Entrepreneurs du Monde
Play Video
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone
Social Microfinance in Sierra Leone

Summary

In 2019, Entrepreneurs du Monde launched a social microfinance programme in Sierra Leone called Munafa. It provides adapted financial and social services with capacity building for vulnerable entrepreneurs to develop sustainable income generating activities, enable self-reliance and improve standards of living. Today, Munafa runs 4 branches in Freetown's slums and has 3,498 beneficiaries. It targets the poorest communities and gives them access services and socio-economic services.

$4,400
total goal
$3,561
remaining
4
donors
0
monthly donors
5
months

Challenge

In Sierra Leone, 70% of young people are unemployed or occupying an insecure job. A large number of people in precarious situations start a workshop, cultivate a field or raise livestock, but lack the financial resources and training to develop their activity : poor infrastructures, poor access to drinking water, exposure to erosion or land slides. The complexity of the situation has increased in 2020 due to covid. This campaign aims to help women like Adama to develop their business.

Solution

Munafa is a social microfinance institution that helps its recipients with two complementary offers: - Financial support carried out through individual loans, savings accounts and support in the management loans; - A training and follow-up component, with the creation of groups of entrepreneurs, the intervention of a facilitator on subjects such as management, sales, and even social issues. This support allows local entrepreneurs to develop and gain security for them and their families.

Long-Term Impact

During the following months, partnerships will be set up with local structures working on issues affecting beneficiaries. These partnerships, will help Munafa to provide a cross-functional support structure in the medium term and to better meet the needs of the entrepreneurs.Munafa's first rural branch is due to open in 2023, a market study is underway to decide on its location. A new agricultural loans is also in the process of being created, as well as 12 new training modules on agronomy.

Resources

Organization Information

Entrepreneurs du Monde

Location: Lyon - France
Website:
Facebook: Facebook Page
Twitter: @entrep_monde
Project Leader:
Axel Fraysse
Vaulx en Velin, France
$839 raised of $4,400 goal
 
4 donations
$3,561 to go
Donate Now
lock
Donating through GlobalGiving is safe, secure, and easy with many payment options to choose from. View other ways to donate

Entrepreneurs du Monde has earned this recognition on GlobalGiving:

Help raise money!

Support this important cause by creating a personalized fundraising page.

Start a Fundraiser

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence

Snorkeler
Our
Impact

Woman Holding a Gift Card
Give
Gift Cards

Young Girl with a Bicycle
GlobalGiving
Guarantee

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.