Grameen Foundation : Where we work : Sub-Saharan Africa : Nigeria : SEAP
Self Reliance Economic Advancement Programme (SEAP)
| Status snapshot as of March 2008 | |
| Active clients | 14,044 |
| Loan portfolio (USD) | $1,438,933 |
| Portfolio At Risk >30 days* | 0.5% |
| * Value of all loans outstanding that have one or more installments past due more than 30 days | |
The Self Reliance Economic Advancement Programme (SEAP) was established by Deacon Oladokun Olatunde JP in 1998. With its headquarters based in Ilorin, Kwara, SEAP’s primary work is dedicated to economic empowerment of the under privileged, capacity building and improvement of the socio-economic condition of the poor. True to its mission statement, SEAP continues to promote sustainable livelihood and achieve its aim of bridging the development gap between the rural and urban communities in order to move toward solid financial and economic empowerment. Since its inception, SEAP has grown steadily and currently has eleven branches in five states throughout Nigeria.
Outreach:
SEAP’s target market consists of small farmers, micro-entrepreneurs and merchants. In general, the institution serves rural/semi-rural populations that traditionally do not have access to the formal financial system.
Grameen Foundation support:
SEAP Women at their village meeting |
SEAP Ilorin is one of the few microcredit service providers operating in the East Central region in Nigeria and has ambitious growth plans. A large part of the population, especially women, does not have access to financial services in the Kwara State. Moreover, the lack of infrastructure and the low population density in the state accentuate those problems. Therefore, Grameen Foundation will support SEAP by providing it with much needed financing, business planning and strategic management support, MIS automation support and assistance in realizing SEAP’s goal of transforming into a microfinance bank.
Grameen Foundation : Where we work : Sub-Saharan Africa : Nigeria : SEAP
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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