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Fonds d'Impulsion de la Microfinance (FIM) – Crédits aux PME via SFD

Ministère des Finances et du Budget du Sénégal / Direction de la Microfinance · Federal Government
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About this opportunity

FIM is a Senegalese government loan scheme offering XOF 100,000–10m at concessional rates through licensed microfinance institutions (SFDs) for productive ventures in agriculture, fishing, trade and manufacturing. You must apply via an approved SFD partner, not directly to the fund.

The FIM is a Senegalese state fund managed under the Ministry of Finance that channels subsidised credit lines through approved microfinance institutions (SFDs) to micro-enterprises and SMEs. Loans carry concessional interest rates and flexible repayment schedules to improve access to finance for underserved entrepreneurs. The fund targets productive sectors including agriculture, artisanal fishing, and small trade.

Who can apply

  • Senegalese micro-entrepreneurs or SME owners
  • Applicants in agriculture, artisanal fishing, small trade, or manufacturing sectors
  • Businesses with a viable, productive project (not consumer credit)
  • Owners able to access and work through a registered, licensed SFD partner institution

Not eligible

  • Non-Senegalese business owners
  • Projects for consumer credit or non-productive use
  • Applicants unable to engage with an approved SFD microfinance partner

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Documents you will need

  • Business plan or project proposal detailing use of funds and expected returns
  • Personal or business identification documents
  • Financial statements or records demonstrating business viability (typically last 12 months for established businesses)
  • Collateral documentation (requirements vary by SFD partner)
  • SFD partner may request additional documents such as tax registration, premises proof, or customer/supplier references

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How to apply, step by step

  1. Identify an approved SFD (Système Financier Décentralisé) partner institution operating in your region; the FIMF website lists partner organisations and their locations
  2. Contact the SFD directly with details of your business and loan request; each SFD manages its own application intake
  3. Prepare and submit your business plan and required documents to the SFD partner
  4. Work with the SFD to agree loan terms, repayment schedule, and collateral arrangements
  5. If needed, contact FIMF directly at fimf@fimf.sn or 33 889 15 99 (address: 4 Avenue Jean Jaurès, Immeuble El Hadji Oumar Dia, 2ème étage, Dakar) for support locating an SFD partner or clarifying eligibility
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How applications are selected

Applications are reviewed and approved by your chosen SFD partner, not by FIMF directly. Each SFD assesses business viability, repayment capacity, and collateral based on its own criteria. The SFD will communicate approval, loan amount, interest rate and repayment terms. Processing time varies by institution; there is no stated deadline, suggesting rolling intake throughout the year.

What reviewers look for

  • SFDs prioritise projects that generate clear, measurable returns—farming output, catch volumes, turnover or product sales. Vague or speculative plans are rejected.
  • Collateral requirements differ across SFD partners; some may accept business assets, equipment, or community guarantees rather than property alone. Clarify what your chosen SFD will accept.
  • The fund targets vulnerable groups including women, youth and people living in poverty, so if you fall into these categories, flag this in your application.
  • Productive use is mandatory. Loans for inventory, equipment, or crop inputs are approved; loans to repay consumer debt, pay personal expenses or finance resale of goods without added value are not.
  • Existing business owners with a track record and clean repayment history on any prior credit are faster to approve than first-time borrowers.

Frequently asked questions

Can I apply directly to FIMF or do I have to go through an SFD?

You must apply through a registered and licensed SFD partner. FIMF channels credit via these institutions; it does not lend directly to individuals or businesses.

What interest rate will I pay?

The programme offers concessional (below-market) interest rates, but the exact rate is set by your SFD partner and may vary. Confirm the rate when you meet with your chosen SFD.

How long does approval take?

The sources do not state a fixed timeline. SFDs manage their own approval speed, which typically ranges from 2–6 weeks depending on completeness of your application and the institution's capacity.

Do I have to provide collateral?

Collateral requirements vary by SFD partner. Some may accept business assets or community guarantees; others may require property or equipment as security. Ask your SFD what forms of collateral it accepts.

What if my business is very new or I have no prior credit history?

There is no stated minimum trading period. However, SFDs will assess whether your business model is viable and whether you can repay. A clear business plan, some form of income or pre-sales, and community references can help offset lack of formal credit history.

Guide written from the official programme page on 15 October 2026. Funders change their rules, so confirm the details on the official page before you apply.

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