The SDF is a Trust Company establishes to support microfinance operations in the Gambia. It is an apex institution managing funds in ‘Trust’ for and on behalf of the Government of the Gambia and donors for wholesale lending to a multitude of qualified financial intermediaries.

The SDF engages in outright provision of capital to intermediaries for onward lending to end-users in need of seed capital or capital for expanding their businesses.

Our financial solutions include Short and Medium/Long-term finance. While delivering on services to its designated clients the SDF expands its operations in such a way to maintain a dominant presence in the country’s Microfinance sub-sector.

The SDF directs its wholesale lending operations to prudentially and soundly managed intermediaries categorized into three main groups with different approaches and different conditions applying to each category as follows:

Category 1: (MFIs, FNGO, NACCUG, etc.)

Features:

  1. Easy loan application process;
  2. Maximum loan size GMD10 million;
  3. Most affordable and efficient fixed interest rate;
  4. Fixed quarterly payments of interest and option of principal payment at end of the maturity for qualified intermediaries;
  5. Maturity tenor ranging from 3 -4 years;
  6. Disbursement in tranches of 10%, 20%, 30% and 40% for every three months; and
  7. Monthly monitoring.

Documentation required:

  1. Audited statements from past three years;
  2. Loan portfolio quality report;
  3. Detail reports of all previous loans from the SDF and other agencies;
  4. Detail report of any problems that occurred in previous contracts including high default rates;
  5. Detail report of current end borrowers;
  6. Evidence of solid corporate governance structure at Board and operational management level; and
  7. Evidence of internal control system operating.

Category 2: (VISACA, Individual Credit Unions, etc.)

Features:

  1. Easy loan application process;
  2. Maximum loan size GMD500, 000;
  3. Most affordable and efficient fixed interest rate;
  4. Fixed monthly payments for principal and interest with up to 3 months grace period for principal;
  5. Maturity tenor of 12 months;
  6. Disbursement in tranches of 20% 30% and 50% over 6 months unless agreed otherwise agreed; and
  7. Monthly monitoring.

Documentation required:

  1. Account statements for the past three year;
  2. Loan portfolio quality report;
  3. Detail reports of all previous loans from the SDF and other agencies;
  4. Detail report of any problems that occurred in previous contracts including high default rates;
  5. Solid corporate governance structure at Board and operational management level;
  6. Evidence of bank account with at least 2 signatories; and
  7. Detail report of current end borrowers.

Category 3: (CBO, Kafoo, etc.)

Features:

  1. Easy loan application process;
  2. Maximum loan size GMD250, 000;
  3. Most affordable and efficient fixed interest rate;
  4. Fixed monthly payments for principal and interest with up to 3 months grace period for principal;
  5. Maturity tenor of 12 months;
  6. Disbursement in tranches of 100% unless agreed otherwise agreed; and
  7. Monthly monitoring.

Documentation required:

  1. Account statements from past year;
  2. Loan portfolio quality report;
  3. Detail reports of all previous loans from the SDF and other agencies;
  4. Detail report of any problems that occurred in previous contracts including high default rates; and
  5. Clear governance and operational management structure with well defined roles;
  6. Evidence of been legally constituted and engaged in an economic activity for a period of not less than 1 year.
  7. Evidence of corporate bank account with at least two signatories
  8. Have track record of micro lending covering at least 1 year
  9. Detail report of current end borrowers.