Evaluation of the Experimentation of the Increase in the Ceiling of Professional Microcredit in the Overseas Territories
Source: economie.gouv.fr
Date: 2024-11-04 13:30
Details:
The Ministry of Economy and Finance has published an evaluation of the experimentation of the increase in the ceiling of professional microcredit in the overseas territories. This experimentation aimed to facilitate access to financing for small businesses and the self-employed in these territories, where access to traditional banking services is often limited.
The evaluation was carried out by the Directorate General of the Treasury (DGT) and the Caisse des Dépôts et Consignations (CDC). It covers the period from 2021 to 2023 and is based on a survey of 1,000 beneficiaries of professional microcredit in the overseas territories.
Key Findings:
- The experimentation has been a success, with a significant increase in the number of beneficiaries and the amount of loans granted.
- The increased ceiling has allowed businesses to access larger loans, which has enabled them to invest in equipment, premises, and working capital.
- The impact of the experimentation has been particularly positive for businesses in the tourism, trade, and services sectors.
- The majority of beneficiaries are satisfied with the microcredit scheme and have reported an improvement in their financial situation.
Recommendations:
The evaluation recommends the following measures to improve the effectiveness of the professional microcredit scheme in the overseas territories:
- Continue the experimentation beyond the current deadline of December 31, 2023.
- Further increase the ceiling of professional microcredit to €25,000.
- Extend the scheme to other sectors of activity, such as agriculture and fishing.
- Provide additional support to microcredit providers to strengthen their capacity building and risk management.
Conclusion:
The experimentation of the increase in the ceiling of professional microcredit in the overseas territories has been a positive step towards improving access to financing for small businesses and the self-employed in these territories. The evaluation recommends continuing and strengthening the scheme to further support economic development in these regions.
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