L’avènement de la microfinance islamique au Sénégal

The advent of islamic microfinance in Senegal

Massamba Souleymane Seck and Abdoulaye Biaye

MPRA Paper from University Library of Munich, Germany

Abstract: In Senegal, as elsewhere in the WAEMU zone, access to credit for vulnerable microentrepreneurs is a major concern despite the important role of traditional microfinance institutions. To effectively solve this problem, Islamic microfinance has been identified as an alternative offer, alongside conventional finance, in order to give access to bank accounts to those underprivileged people that have not been sufficiently served by financial institutions. Thus, this article aims to study the advent of Islamic microfinance in Senegal. To do this, our research focuses on the history and role of the State of Senegal in the promotion of Islamic microfinance to finally present the characteristics of this new funding model for vulnerable populations often excluded from the traditional financial system.

Keywords: Classical microfinance; Islamic microfinance; vulnerable microentrepreneurs (search for similar items in EconPapers)
JEL-codes: G20 G21 G23 (search for similar items in EconPapers)
Date: 2019-02
New Economics Papers: this item is included in nep-ent, nep-isf and nep-mfd
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