The microfinance sector is experiencing an upturn in the Western Monetary Union area
African (UMOA). According to the Central Bank of West African States (Bceao), as of March 31, the deposit amounts collected increased by 11.4%.
The number of Sfd (Decentralized Financial Systems) in Umoa is estimated at around 595 at the end of March 2019. “In addition, the population's access to financial services provided by microfinance institutions has increased by 10.4% on a year-on-year basis, with a number of beneficiaries of these services which stood at 14,611,8662 over the period against 13,235,772 a year earlier.

The number of service points is estimated at 4,854, an increase of 12.5% compared to the end of March 2018”, informs the BCEAO in a document received in the Journal of the Senegalese economy (Lejecos). According to the issuing institute, the examination of the intermediation indicators of the Sfds of the Union highlights a relatively favorable evolution for financial inclusion, notwithstanding a gross rate of deterioration of the portfolio which has registered a slight increase. , standing at 7.4% against 7.2% at the end of March 2018, for a
generally accepted standard of 3% in the sector.

Over the period under review, underlines the same source, the amount of deposits collected stood at 1,390.8 billion FCfa against 1,248.7 billion FCfa a year earlier, an increase of 11.4%. This increase was recorded in Mali (+20.0%), Togo (+16.0%), Côte d'Ivoire (+15.1%), Senegal (+10.3%), Benin ( +9.9%), in Burkina (+3.7%) and in Niger (+0.5%). However, a decrease was observed in Guinea Bissau (-48.7%).

The average amount of savings per customer was 95,183 FCfa at the end of March 2019 against 94,340 FCfa for the first quarter of 2018. For all Umoa Sfds, the savings collected represent 5.6% of all deposits held by credit institutions in the Union, as in March 2018.
With regard to the outstanding credits of the Sfds of the Union, it increased by 9.9% compared to its level at the end of March 2018, to stand at 1,388.9 billion FCFA.
This increase was noted in Mali (+19.6%), Togo (+15.3%), Senegal (+9.8%), Côte d'Ivoire (+8.1%), Burkina (+7.5%) and in Benin (+6.1%). On the other hand, Guinea-Bissau and Niger experienced declines of around 51.4% and 0.8% respectively.
The average outstanding amount of financing per beneficiary increased, standing at 95,051 FCfa at the end of March 2019 against 95,439 FCfa a year earlier.

For the sector as a whole, outstanding loans represent 6.7% of loans granted by credit institutions in the Union, as in March 2018. As for Sfds in difficulty, thirteen microfinance institutions were under provisional administration in order to
March 2019, namely four in Benin, two in Burkina, two in Niger, two in Togo, one in Côte d'Ivoire, one in Mali and one in Senegal.

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