Regardless of sustained development within the microfinance sector in Tunisia, with an impressive credit reaching 2,295.2 million dinars on the finish of 2024 and greater than 627,000 energetic debtors, entry to funding stays restricted for a lot of weak populations. In query: rates of interest deemed excessive and restrictive financing circumstances, in response to a latest notice printed by the inventory trade Tunisia values.
The establishments of micro-finance nameless societies (IMF-SA) battle to increase their protection, particularly in rural areas, the place solely 218 companies had been recognized in 2023. The financial mannequin of MFIs is weakened by their incapacity to gather deposits or to profit from the refinancing of the central financial institution, in contrast to microcredit associations (AMC) which, Preferential through the Tunisian Solidarity Financial institution (BTS).
Confronted with excessive refinancing prices with native banks or worldwide funds, MFIs are more and more turning to the bond market. In 2023 and 2024, they raised 116 and 123 million dinars respectively, representing an rising share of bond emissions within the non-public sector.
To make sure sustainable development within the sector, Tunisia values ​​recommends:
The harmonization of the circumstances of refinancing between MFI and AMC,
The implementation of assure funds encouraging banks to refinance MFIs,
Openness to international funding, capital and good practices,
The orientation of native financial savings to microfinance through the creation of Sicar or specialised funds,
A reform of the regulatory framework permitting MFIs to gather financial savings, like conventional banks.
The notice additionally highlights the potential of digitalization, deemed extra strategic than the opening of bodily companies. Using cell banking and crowdfunding is seen as a necessary lever to strengthen monetary inclusion, particularly in distant areas.
Lastly, Tunisia Values ​​believes that the combination of microfinance into nationwide financial technique would strengthen its position within the struggle towards poverty, job creation and help for entrepreneurship.
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