Determinants of Green Financing Repayment and Economic Performance of Micro, Small, and Medium-Sized Enterprises in Mali: Lessons from the Go Green and FACEJ II Experiences

Déterminants du remboursement des financements verts et performances économiques des micro, petites et moyennes entreprises au Mali Enseignements des expériences Go Green et FACEJ II

Lassana Toure (), Jean Noël Keita, Tchegoun Adebo Koba and Boubacar Haidara
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Lassana Toure: University of Segou
Jean Noël Keita: Université de Ségou
Tchegoun Adebo Koba: SNV MALI
Boubacar Haidara: FACEJ II

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Abstract: The transition toward a green economy is a major challenge for strengthening the resilience of micro, small, and medium-sized enterprises (MSMEs) in Mali. This study analyzes the determinants of green finance repayment and evaluates its effects on the economic performance of beneficiary firms. It draws on data collected from 107 MSMEs in Bamako, Ségou, and Sikasso under the Go Green and FACEJ II – Green Window programs. A logistic regression model with robust standard errors is used to identify the factors associated with compliance with repayment schedules, while Inverse Probability Weighted Regression Adjustment (IPWRA) is applied to estimate the effect of green financing on firm performance. Results show that repayment compliance is positively associated with firm size, collateral availability, satisfaction with managerial support, and the adoption of internal environmental practices. Green financing is also associated with an estimated average increase in annual net profit of CFAF 382,455, an estimated difference of 1.88 employees per firm, and productivity gains. Sensitivity to alternative specifications and residual covariate imbalance limit causal interpretation. These findings support an integrated approach combining access to green finance with appropriate technical and managerial assistance. Keywords: green finance; MSMEs; loan repayment; impact evaluation; Mali.

Keywords: Mali; impact evaluation; loan repayment; MSMEs; Mali green finance; évaluation d'impact; remboursement; MPME; inclusion financière et transformation structurelle financement vert; inclusion financière et transformation structurelle financement vert MPME remboursement évaluation d'impact Mali green finance MSMEs loan repayment impact evaluation Mali; secteur financier (search for similar items in EconPapers)
Date: 2026-10-27
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