To contribute to economic development in Madagascar by supplying credit to micro- and small enterprises. fter existing as a venture capital company for six years, SIPEM changed its strategy and decided to provide direct credit to micro- and small enterprises. Since November 1997, SIPEM has aimed to sustain its operations through its own private resources; and for the past three years its products have allowed it to achieve a subsidy-free balance of accounts. Its principle challenge is to develop while maintaining its financial health. Description from Mixmarket.