Développement international Desjardins (DiD), a Canada-based nonprofit organization that focuses on providing technical support and investment to community financial institutions, recently announced the successful completion of a five-year long project to expand the computerization of the operations of microfinance institutions (MFIs) in Senegal. The project was begun in 2009 under a contract from Canadian Department of Foreign Affairs, Trade and Development (DFATD) to create a data processing center in the country.
During the five year project, DiD computerized 76 financial institutions reaching 197,000 members via a central data processing center. As part of the project, DiD helped launch Groupement d’intérêt économique – Centre de traitement informatique du Sénégal (GIE-CTISN), a member-based organization through which the Senegal-based financial institutions will manage the data processing center going forward.
As of 2014, DiD has a budget of CAD 23.5 million (USD 20.5 million). Desjardins Group, the parent company of DiD, reported total assets of CAD 212 billion (USD 186 billion), a gross loan portfolio of CAD 141 billion (USD 124 billion) and deposits of CAD 137 billion (USD 120 billion) as of 2013.
By Ananya Tiwari, Research Associate
About Développement international Desjardins (DiD)
Développement international Desjardins (DiD) is a Canadian nonprofit corporation that specializes in providing technical support and investment for the community finance sector in emerging economies. It assists organizations in approximately 30 nations in Africa, Asia, the Caribbean, Central and Eastern Europe and Latin America. DiD is a component of the Desjardins Group, a financial cooperative offering banking, insurance, securities and investment services, with CAD 212 billion (USD 186 billion) in assets as of 2013. As of 2014, DiD has a budget of CAD 23.5 million (USD 20.5 million).
About Desjardins Group
Desjardins Group is a cooperative financial group based in Canada that serves 6 million clients with services such as retail banking, wealth management, securities brokerage, venture capital and asset management. Members of the group include Developpement international Desjardins (DiD) and Desjardins Fund for Inclusive Finance. As of 2013, Desjardins Group reports total assets of CAD 212 billion (USD 186 billion), a gross loan portfolio of CAD 141 billion (USD 124 billion) and deposits of CAD 137 billion (USD 120 billion).
Sources and Additional Resources
[1] Information provided to MicroCapital, December 2014
MicroCapital, Développement international Desjardins (DiD) Loans $1m to Microfinance Institution Arnur of Kazakhstan, https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-did-loans-1m-to-microfinance-institution-of-kazakhstan/
MicroCapital, October 22, 2014, Développement international Desjardins (DID), International Co-operative Alliance (ICA), Proxfin Members Endorse Draft Declaration on Food Security, Job Creation, Access to Healthcare, https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-did-international-co-operative-alliance-ica-proxifin-members-endorse-draft-declaration-on-food-security-job-creation-access-to-health/
MicroCapital, October 11, 2014, Senegal, IFAD Engage Développement International Desjardins (DID) to Research Financial Inclusion in West Africa, https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-did-agence-francaise-de-developpement-afd-to-support-faitiere-des-unites-cooperatives-depargne-et-de-credit-du-togo-fucec-togo/
MicroCapital, October 7, 2014, Développement International Desjardins (DID), Agence Française de Développement (AFD) to Support Faîtière des Unités Coopératives d’Epargne et de Crédit du Togo (FUCEC-TOGO) in Product Development, https://www.microcapital.org/microcapital-brief-developpement-international-desjardins-did-agence-francaise-de-developpement-afd-to-support-faitiere-des-unites-cooperatives-depargne-et-de-credit-du-togo-fucec-togo/
MicroCapital Universe Profile: Développement international Desjardins (DiD), https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=D%C3%A9veloppement+international+Desjardins+%28DID%29#Description
MicroCapital Universe Profile: Desjardins Group, https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Desjardins+Group#Description_140_word_limit_
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/prod
Similar Posts:
- MICROCAPITAL BRIEF: Maquita Cushunchic Borrowing $2m from DID Aequitas Fund for Microfinance, Small-enterprise Lending in Ecuador
- MICROCAPITAL BRIEF: Microfinance Institution 4 de Octubre Borrows $1.5m from Aequitas Fund for Onlending in Ecuador
- MICROCAPITAL BRIEF: Desjardins Lending $1m from Aequitas Impact Fund to ADIGUA to Expand Microfinance Loans in Guatemala
- MICROCAPITAL BRIEF: Aequitas Impact Fund Loans $1.7m to Sipem Banque to Boost Microfinance in Madagascar
- MICROCAPITAL BRIEF: Microfinance Institution Fundeser of Nicaragua Borrows $1m from Aequitas, Marking Fund’s 1st Disbursement