Financing the economy: the informal sector, the Achilles heel

Representing 80% of the business fabric in Senegal and contributing 30% of GDP, the informal sector employs more than 60% of the Senegalese population. Yet, despite countless financing sources, the sector struggles to find its place.

The view of informal-sector actors

• Banking conditions not always suited to the sector
• Interest rates often too high
• Financing offers dominated by short-term credit

The view of financial actors

• Lack of readability of financial information
• Misuse of funds, used for purposes other than the project itself

What if the heart of the problem lay in structuring projects? These entrepreneurs often seek financing without optimising financial structuring. It is essential to structure your project well, have a clear development strategy and a financing allocation plan.