Rs 1,001,542,665. This is the total amount that MCB Microfinance has disbursed in nearly six years to support micro-entrepreneurs and thus participate in the country’s financial inclusion. Since its opening in 2016, MCB Microfinance has financed just over 2,878 clients, who have received 4,959 loans, the company reports through a press release issued on Monday, May 30.
“In this unstable and difficult economic context, by facilitating their access to credit, MCB Microfinance enables small and micro entrepreneurs to develop their resilience, and even in some cases, to reinvent themselves”, explains Aurélie Leclezio, CEO MCB Microfinance.
• Small businesses take the lion’s share with 44% of business sectors financed. This is followed by manufacturing, services, transport and agriculture.
• MCB Microfinance offers three types of loans, without guarantee, at a rate of 15% per year:
-Investment Micro Loans ranging from Rs 15,000 to Rs 800,000 for the purchase of equipment/machines, or financing renovation projects or construction
-Micro Loan Working Capital ranging from Rs 15,000 to Rs 800,000 for the purchase of stock or raw materials
-The Start-Up Loan of Rs 15,000 to Rs 200,000 for the creation of a micro-enterprise.
• Entrepreneurs in Rodrigues have benefited from MCB Microfinance’s support since March 2017. businesses on site.