VOLO TRUST INFORMATION AND CREDIT BUREAU PILOT


Overview

  • Reference: P-SN-KB0-001
  • Approval date: 05/08/2013
  • Start date: 19/11/2013
  • Appraisal Date: 05/06/2013
  • Status: OngoingOnGo
  • Implementing Agency: VOLO VOLO SENEGAL MR. DRAMAN TOURAY CHAIRMAN AND CTO
  • Location: Dakar

Description

VoLo is a privately-owned company registered in Senegal and Gambia that seeks to improve financial inclusion and reduce poverty through the establishment of Credit Reference Service Providers (CRSPs) that use VoLo


Objectives

The project aims to facilitate financial inclusion and improve the efficiency of financial markets in Senegal and Gambia by piloting an innovative technology-based solution for collecting, storing and disseminating credit information on MSMEs to prospective creditors. The ultimate outcome of the project will be the production of a robust dataset (a) supporting a commercially viable business plan for the establishment of a credit reference information provider in both countries; and (b) identifying and measuring the development impact of the VoLo


Key contacts

ZEGERS Robertus Paulus Johannes - OFSD1


Costs

Finance source Amount
FAPAUSD 190,808
DeltaUSD 67
TotalUSD 190,875