CAURIE Microfinance

What CAURIE Microfinance does

CAURIE Microfinance (CAURIE-MF), legally "La Coopérative Autonome pour le Renforcement des Initiatives Économiques par la Micro Finance," is a Senegalese microfinance cooperative founded in 2005 from two development programs (CRS and CARITAS). Headquartered in Thiès, Senegal, the institution is licensed under N° TH 1-10-00596 by the Senegalese Ministry of Finance and operates under the country's microfinance law (loi n° 2025-04 of February 19, 2025). It serves 150,000+ clients — primarily women, vulnerable populations, microentrepreneurs, SMEs, and agricultural value chain actors — through a hybrid distribution model of 19 physical service points, 9 partner agents, and 32 mobile collector agents deployed in markets.

The institution's product platform spans microcredit (credit portfolio outstanding exceeding 15 billion CFA), savings deposits (over 7 billion CFA outstanding), and — as of March 2025 — life insurance bundled with savings accounts via a partnership with NSIA Vie Assurances Sénégal. Digital banking is delivered through the CAURIE CASH mobile and web application and Bank to Wallet integrations with Wave, Orange Money, and Mixx, enabling 24/7 deposits, withdrawals, and balance inquiries. The institution also offers specialized credit products for renewable energy solutions (biodigesters, solar) and works closely with the Bancs Villageois (Village Savings Banks) network, including over 805 million CFA disbursed to 3,500+ women members in Touba and Mbacké.

Revenue is generated through interest spread on microlending, deposit mobilization, transaction and account fees, and a growing share of insurance commissions from the NSIA partnership. The GTM motion is direct-to-consumer and community-driven, combining physical agency banking, proximity agent networks, and digital self-serve channels. Geographic operations are concentrated entirely in Senegal, with social and community outreach through regional events such as the Foire Régionale de l'Agriculture and women's empowerment initiatives.

Name

CAURIE Microfinance

Legal name

La Coopérative Autonome pour le Renforcement des Initiatives Économiques par la Micro Finance (CAURIE-MF)

Website

https://cauriemf.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

CAURIE Microfinance is a Senegalese microfinance cooperative founded in 2005 that serves 150,000+ clients — primarily women, microentrepreneurs, and smallholders — through microcredit, savings, insurance, and digital banking delivered via 19 service points, partner agents, and the CAURIE CASH mobile app.

Ownership category

akta.pro rank

Product category

Microfinance

NAICS

Consumer Lending (522291), Nondepository Credit Intermediation (5222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Agricultural & Rural Microfinance (FSAKAGAG)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), Microfinance & Community P2P Lending (FSAKAHAD)

Keywords

• Microfinance services
• Microcredit lending
• Savings deposits
• Digital banking
• Agricultural financing

Headquarters

HQ city

Dakar

HQ country

Senegal

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Microcredit Lending: CAURIE-MF provides credit services to microentrepreneurs, small and medium enterprises, women's groups, and agricultural value chain actors. Credit portfolio outstanding exceeds 15 billion CFA francs.
2. Savings Deposits: Accepts savings deposits from clients, with total savings outstanding exceeding 7 billion CFA francs. Clients can open savings accounts at agencies or through partner agents.
3. Insurance Products: Partnership with NSIA Vie Assurances Sénégal to offer Assurance Compte Sécurité, a life insurance product. Annual premiums are paid by subscribers to secure capital for their beneficiaries.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

CAURIE Microfinance is a Senegalese microfinance cooperative that provides savings accounts, microcredit loans, and life insurance products to vulnerable populations, particularly women, microentrepreneurs, SMEs, and agricultural value chain actors. The institution operates through a hybrid distribution network of 19 service points, 9 partner agents, and 32 mobile collector agents, complemented by a digital banking platform (CAURIE CASH mobile app and E-banking web platform) with Bank to Wallet integrations to mobile money services (Wave, Orange Money, Mixx). Its credit portfolio exceeds 15 billion CFA francs and savings outstanding exceed 7 billion CFA francs across 150,000+ clients.

Product overview

CAURIE-MF is a microfinance institution offering a platform of financial services including savings accounts, microcredit, and insurance. The core digital banking platform consists of CAURIE CASH (mobile app) and E-banking (web platform) connected through Bank to Wallet to mobile money services (Wave, Orange Money, Mixx). These services are complemented by physical access through a network of 9 Partner Agents and 32 Mobile Collection Agents. The insurance add-on Assurance Compte Sécurité, partnered with NSIA Assurance Vie Senegal, provides life and disability coverage linked to savings accounts. Additional specialized products include renewable energy credits (solar, biodigester) and agricultural financing for the farming value chain.

Differentiator

Problem solved

Functional benefit

Brands

• CAURIE CASH: Mobile banking application and e-banking platform allowing clients to check accounts, make transfers, and request services 24/7.
• Bank to Wallet
• Assurance Compte Sécurité

Products and services

• CAURIE CASH Mobile Application Mobile banking application enabling clients to access their savings accounts, view credit information (balances, statements, amortization schedules, repayment status), make transfers, and request services 24/7 from their phones.
• Bank to Wallet Mobile banking integration service allowing deposit and withdrawal operations via mobile money accounts (Wave, Orange Money, Mixx) and account balance inquiries, enabling 24/7 remote transactions.
• E-banking Web Platform Web-based banking platform accessible through CAURIE CASH activation, providing full account visibility including savings, credit balances, statements, amortization schedules, and repayment status.
• Epargne (Savings Accounts) Savings account products offered as the primary vehicle for CAURIE-MF's inclusive finance services for vulnerable populations, women, microentrepreneurs, and SMEs, with total savings outstanding exceeding 7 billion CFA francs.
• Credit (Microcredit) Credit and microfinance loan products targeting women, youth micro-entrepreneurs, SMEs, and agricultural value chain actors including farmers, market gardeners, and processors, with credit portfolio outstanding exceeding 15 billion CFA francs.
• Assurance Compte Sécurité Life and accident insurance product partnered with NSIA Vie Assurances Sénégal, coupled to savings accounts to guarantee financial security for beneficiaries in case of subscriber death or total permanent disability; annual premiums are paid by subscribers.
• Renewable Energy Credits Specialized credit products for renewable energy solutions including biodigesters and solar energy systems, supporting sustainable development for micro-entrepreneurs and agricultural value chain actors.

Quantifiable outcome

• 150,000+ clients served across Senegal
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

One partnership is on record.

• NSIA Vie Assurances SénégalcoreStrategic or Co-development Partner · 20 March 2025CAURIE-MF partnered with NSIA Vie Assurances Sénégal to launch 'Assurance Compte Sécurité', a life insurance product. The partnership enables CAURIE-MF to offer insurance coverage coupled with savings accounts, providing financial protection to beneficiaries in case of death or total permanent disability of the insured. The product was officially launched on March 20, 2025 and promoted at the Foire Régionale de l'Agriculture in Tambacounda.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Orange Money Senegal: Mobile money service operated by Orange Senegal, providing payments, transfers, and increasingly microcredit via partnerships with MFIs. Comparable as a digital financial services channel that CAURIE-MF integrates with via Bank to Wallet and that competes for the same customer wallet share.
• Wave Mobile Money Senegal: Mobile money operator with millions of users in Senegal, providing digital payments, deposits, and increasingly credit products. Comparable as a digitally-native financial services provider serving the same unbanked and underbanked populations in Senegal, with overlapping customer segments.

Direct peers

• FINADEV (Coopec FINADEV): Cooperative microfinance institution operating across multiple Central and West African countries with savings, credit, and digital banking services. Comparable as a peer cooperative microfinance institution using the Bancs Villageois model and targeting women and micro-entrepreneurs.
• PAMECAS (Mutuelle d'Epargne et de Crédit du Sénégal): Senegalese cooperative microfinance network serving hundreds of thousands of members with savings, credit, and digital banking. Directly comparable as a member-owned microfinance institution offering similar products (tontines, microcredit, savings) to vulnerable populations in Senegal, with a national agency network.
• Advans Group: International microfinance group operating multiple subsidiaries across West and Central Africa including in Côte d'Ivoire, Cameroon, and Senegal. Comparable as a regulated microfinance institution providing credit and savings to micro-enterprises and small businesses in similar markets.
• Crédit Mutuel du Sénégal: Cooperative banking network in Senegal serving individuals and small businesses with savings, credit, and digital banking services. Comparable as a member-owned cooperative focusing on financial inclusion and proximity banking in Senegal.
• ACEP Senegal: Senegalese microfinance institution providing microcredit, savings, and financial services to micro-entrepreneurs and small businesses. Directly competing with CAURIE-MF in the Senegalese microfinance market with similar customer segments and product offerings.
• MicroStart Senegal: European-headquartered microfinance institution with operations in West Africa providing microcredit to underserved entrepreneurs. Comparable as a microcredit-focused institution serving similar customer segments in the Senegalese market.
• Baobab (formerly Microcred) Senegal: Digital-first microfinance institution operating across West and Central Africa, serving micro-entrepreneurs and SMEs with credit, savings, and digital wallets. Comparable as a digitally-enabled microfinance operator with active Senegal presence and similar customer base.

Others

• NSIA Banque Côte d'Ivoire: West African banking and insurance group whose insurance subsidiary (NSIA Vie Assurances Sénégal) is CAURIE-MF's current strategic partner. Comparable as a financial services partner providing distribution, insurance, and capital partnership opportunities within the same Senegalese market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@cauriemfTV
• Facebookfacebook.com/cauriemf.senegal
• LinkedInlinkedin.com/company/cauriemf
• Instagraminstagram.com/cauriemf

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CAURIE Microfinance