MECAP
in Senegal 🇸🇳
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About MECAP in Senegal
MECAP (Mutuelle d'Epargne et de Crédit des Agents du Secteur Public et Parapublic) is a microfinance institution in Senegal that specializes in providing financial services exclusively to public sector and parapublic sector employees. As a credit union-style mutual organization, MECAP operates under the supervision of the Commission Bancaire de l'UMOA and is classified as a large-scale decentralized financial system (Système Financier Décentralisé).
MECAP was established to combat usury and over-indebtedness among government workers. The institution serves civil servants, employees of national companies, and other public sector workers throughout Senegal.