Study of the Effect of Microfinance Institutions on Financial Inclusion in Senegal
(Pages 116-127)
Mamadou Kandji1,*
1PhD in Management Science, CAMES Assistant Lecturer, Lecturer and Researcher at ISM/Member of the Galileo Network, Finance and Economic Financing Laboratory, Cheikh Anta DIOP University of Dakar – Senegal (UCAD)
DOI: https://doi.org/10.55365/1923.x2026.24.10
Abstract:
In Africa, particularly in West Africa, microfinance institutions (MFIs) have played a decisive role in financial inclusion by democratising access to financial services for disadvantaged populations. This thesis examines the actual impact of these institutions in Senegal, focusing on Units 18 and 19 of Parcelles Assainies. Our study specifically analyses the contribution of two major players, PAMECAS and Baobab, to improving access to financial services for low-income populations. The central research question is as follows: What is the impact of MFIs on financial inclusion, and what are the main challenges they face?
Our findings demonstrate a significant contribution by MFIs to financial inclusion, as confirmed by 76.3 per cent of the study’s participants. Nevertheless, several challenges remain, notably high interest rates, complex administrative procedures and stringent collateral requirements.
Keywords:
MFIs, microfinance, financial inclusion.
How to Cite:
Mamadou Kandji. Study of the Effect of Microfinance Institutions on Financial Inclusion in Senegal. [ref]: vol.24.2026. available at: https://refpress.org/ref-vol24-a10
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