The SEM Fund is social enterprise dedicated to tackling poverty and environmental degradation. Based in Senegal, SEM is a Senegalese registered not for profit and US registered 501C3 organisation. We are dedicated to creating viable solutions for low-income households to satisfy their basic energy needs in a safer, cheaper and environmentally friendly way.
SEM’s objective is to help break the cycle of poverty afflicting the people of Senegal. SEM works to combat the “poverty tax”, the phenomenon whereby the poorest pay the most for basic services that are also proven to cause significant health problems and environmental degradation. Such basic services include cooking fuel, transport, communications, lighting and financial services. SEM believes that the best way to combat poverty, while at the same time creating health and environmental benefits, is to eliminate the poverty tax.
In Senegal, so far we have distributed:
- Over 5,000 solar lights;
- Over 8 tonnes of biomass;
- 27,000 trees planted;
- 100 stoves;
- over 500,000 USD to micro-entrepreneurs
- 0ver 2800 borrowers directly accessing our credits
- 90% of funds distributed to women
- 150 micro-entrepreneurs trained
And this is just the beginning…