Benin - Access to Financial Services

Metadata Updated: February 10, 2021

The performance evaluation undertaken included administrative financial data from MFIs and MSMEs which received grants under the Benin Compact as well as survey data and qualitative data from grant recipients. Only MFIs and MSMEs which received grants were included in the data collection. Questionnaires recorded information about the MFIs' and MSMEs' past activities, their interaction with the project, and the agencies it supported, and their overall impressions of the project.

Based on the surveys and financial analysis, it appears that the grants, especially the training, equipment, and the external supervision have played a major role in allowing many MFIs to maintain or expand their operations and maintain or improve performance in spite of unfavorable management/governance factors, external shocks, or an unfavorable policy environment, which are beyond the scope of this evaluation.

The financial analysis of the grantee MSMEs reveals a split between the enterprises continuing to operate with various degree of profitability (about 50% of the enterprises) and those that have either closed or are heavily dependent on further subsidies for continued operations. Among the grantees were five private enterprises, 23 associations, and 14 cooperatives. Of the five private enterprises, four are doing relatively well and one intends to start operations in late 2016.

As an overall conclusion, it can be said that the support to the MFI sector had a strategic impact and made a major contribution to strengthening the MFI sector while contributing to the revival and growth of the sector after the 2010 crisis. For the MFI sector, therefore, the project had a positive systemic impact. However, the same cannot be said of the support to MSMEs.

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Metadata Created Date November 12, 2020
Metadata Updated Date February 10, 2021

Metadata Source

Harvested from MCC Data.json

Additional Metadata

Resource Type Dataset
Metadata Created Date November 12, 2020
Metadata Updated Date February 10, 2021
Publisher Millennium Challenge Corporation
Unique Identifier Unknown
Identifier DDI-MCC-BEN-NORC-PE-FIN-2016-v01
Data Last Modified 2016-11-23
Public Access Level public
Bureau Code 184:03
Metadata Context
Schema Version
Catalog Describedby
Harvest Object Id 3a443584-fc09-4625-acfc-cb15c3e02693
Harvest Source Id 23cd936b-e509-46f3-af7f-71c4ab01a514
Harvest Source Title MCC Data.json
Homepage URL
Program Code 184:000
Source Datajson Identifier True
Source Hash 522bf6c90715af55fd3ce60f9f9314ae92b17f9f
Source Schema Version 1.1

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