Volo Trust Information and Credit Bureau Pilot


Project Summary

Approval Date 05 Aug 2013
Signature Date 18 Oct 2013
Planned Completion Date 18 Oct 2015
Last Disbursement Planned Date 18 Oct 2015
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 32130
Commitment U.A 196,348.73
Status Completion

Project General Description

The Volo trust information and credit bureau pilot project aims to facilitate financial inclusion and improve the efficiency of financial markets in Senegal by piloting an innovative technology-based solution for collecting, storing and disseminating credit information on MSMEs to prospective creditors. 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 the company. 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.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
Volo Volo Senegal Mr. Draman Touray Chairman and CTO

Information

IATI identifier 46002-P-SN-KB0-001
Last Update 31 Oct 2019

Export

Contact Details

Email fapa@afdb.org

Geographic Location

Country Senegal