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Access to Financial Services 2016, Independent Performance Evaluation

Benin, 2016
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Reference ID
BEN_2016_MCC-AFS_v01_M
Producer(s)
NORC at the University of Chicago
Metadata
DDI/XML JSON
Created on
Jan 19, 2021
Last modified
Jan 19, 2021
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  • Study Description
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  • Identification
  • Version
  • Scope
  • Coverage
  • Producers and sponsors
  • Sampling
  • Survey instrument
  • Data collection
  • Data processing
  • Access policy
  • Data Access
  • Contacts
  • Metadata production
  • Identification

    Survey ID number

    BEN_2016_MCC-AFS_v01_M

    Title

    Access to Financial Services 2016

    Subtitle

    Independent Performance Evaluation

    Translated Title

    Evaluation du projet Acces aux Services Financiers

    Country
    Name Country code
    Benin BEN
    Abstract

    The performance evaluation undertaken included administrative financial data from MFIs and MSMEs which received grants under the Benin Compact as well as survey data and qualitative data from grant recipients. Only MFIs and MSMEs which received grants were included in the data collection. Questionnaires recorded information about the MFIs' and MSMEs' past activities, their interaction with the project, and the agencies it supported, and their overall impressions of the project.

    Based on the surveys and financial analysis, it appears that the grants, especially the training, equipment, and the external supervision have played a major role in allowing many MFIs to maintain or expand their operations and maintain or improve performance in spite of unfavorable management/governance factors, external shocks, or an unfavorable policy environment, which are beyond the scope of this evaluation.

    The financial analysis of the grantee MSMEs reveals a split between the enterprises continuing to operate with various degree of profitability (about 50% of the enterprises) and those that have either closed or are heavily dependent on further subsidies for continued operations. Among the grantees were five private enterprises, 23 associations, and 14 cooperatives. Of the five private enterprises, four are doing relatively well and one intends to start operations in late 2016.

    As an overall conclusion, it can be said that the support to the MFI sector had a strategic impact and made a major contribution to strengthening the MFI sector while contributing to the revival and growth of the sector after the 2010 crisis. For the MFI sector, therefore, the project had a positive systemic impact. However, the same cannot be said of the support to MSMEs.

    Kind of Data

    Administrative records data [adm]

    Unit of Analysis

    Enterprise and MFI

    Version

    Version Description

    Raw data for internal use only

    Scope

    Topics
    Topic
    Performance evaluation
    MFI
    MSME
    SME
    Finance
    Financial access
    Financial services
    Keywords
    Performance evaluation MFI MSME SME Finance Financial access Financial services Compact Benin

    Coverage

    Geographic Coverage

    National coverage.

    Universe

    MFIs and MSMEs which received either a S1, S2 or S3 grant through the Benin Compact.

    Producers and sponsors

    Primary investigators
    Name Affiliation
    NORC at the University of Chicago NORC
    Funding Agency/Sponsor
    Name Role
    Millennium Challenge Corporation Donor

    Sampling

    Response Rate

    Twenty-one of 42 MSMEs (50%) shared complete financial data from 2009-2015. For MFIs, 32 institutions were contacted for data, which includes the 23 grantees and their branches. From these, 23 (71%) shared complete financial data from 2009-2015.

    Non-financial data was collected from 41 of 42 MSMEs (97%) and from 30 of the 32 MFIs (93%) approached.

    Qualitative data was collected from 43 MSMEs (100%) and from 32 MFIs (100%). Some MSMEs applied for a grant as a consortium. When the head of the consortium was not found, the evaluation team collected this qualitative data from the two MSMEs which comprised the consortium, resulting in qualitative data being collected from 43 MSMEs.

    All MFIs were interviewed (23 of 23--i.e. 100%) and all but one MSME was interviewed (41 of 42--i.e. 97%).

    Survey instrument

    Questionnaires

    Qualitative questionnaires were administered to MFIs and MSMEs that participated in the data collection. For MFIs, these included various information on the MFI, including its starting year for activities, its registration and authorization status, and details regarding its branches. The questionnaire also recorded information on the support received from MCA, audits performed by MCA, the use of any equipment received and the perceived impact of the support received. The questionnaire also included modules on the MFI's interactions with ANSSFD and the services of the CEI.

    For MSMEs, the questionnaire recorded various information on the MSME, including its activity areas, its number of employees, and the company's legal status. The questionnaire also recorded information on the support received from MCA, including equipment, and the perceptions of this support. The questionnaire recorded the MSMEs perceptions of the impact of the project on their capacity, market access, and access to micro- and project finance.

    Data collection

    Dates of Data Collection
    Start End
    2016-02-01 2016-04-08
    Data Collectors
    Name
    NORC at the University of Chicago
    Supervision

    NORC began recruitment for the data collection team in October 2015 in Benin, seeking accountants, agro-economists, and financial services specialists. The candidates were interviewed by NORC in December 2015, and the selected candidate were invited to attend the first round of training. The accountants and agro-economists were formed into three groups to collect the quantitative and qualitative data from MSMEs. The financial services specialists were organized into two groups to collect the qualitative data from the MFIs. The two groups were supervised by NORC's Field Coordinator and the Senior Local Financial Services Expert, respectively.

    Data Collection Notes

    Data collection teams were assembled on December 12th and 13th, and then again on the 23rd of December, 2015 for three days of training. One additional day of training was provided by NORC in January 2016, just prior to the launch of field work.

    The MFI questionnaire was tested once at CFAD, which is a MFI, and the MSME questionnaire was tested twice, once at GERME (training center) and once at IRA (pineapple juice factory). The results from the tests were incorporated in the questionnaires before the training day on the 23rd of Dec. 2015.

    NORC began recruitment for the data collection team in October 2015 in Benin, seeking accountants, agro-economists, and financial services specialists. The candidates were interviewed by NORC in December 2015, and the selected candidates were invited to attend the first round of training. The accountants and agro-economists were formed into three groups to collect the quantitative and qualitative data from MSMEs. The financial services specialists were organized into two groups to collect the qualitative data from the MFIs.

    The MSME teams were each responsible for 14 MSMEs. These three teams were supervised by NORC's Field Coordinator, who provided guidance and supervision during data collection. The allocation of MSMEs to the three teams took into consideration the geographic location of the enterprises. In order to increase the efficiency of the data collection and reduce travel time, each team was responsible for a geographic zone.

    The financial services specialists were supervised by a local financial services specialist who provided the needed due diligence, guidance, and supervision and provided a comprehensive field report and data analysis report.
    Data collection was launched during the first week of February 2016 and stretched through the first week of April 2016.

    NORC's local coordinator in Benin together with NORC local financial services expert prepared the meetings and the interviews for the data collection team before they went on the field.

    Financial data for the 23 supervised MFIs assisted by MCC was collected from ANSSFD and not collected from the field. NORC was able to retrieve hard copies of the financial reports and those were photocopied and the data were subsequently entered into an Excel format.

    Data processing

    Data Editing

    The questionnaires' data were entered by the evaluation team in Benin and shared via secure server with the evaluation team at NORC in the United States. The NORC team reviewed these questionnaires and collected further information or clarifications, as needed, from the evaluation team in Benin.

    Access policy

    Location of Data Collection

    Millennium Challenge Corporation

    Archive where study is originally stored

    Millennium Challenge Corporation
    https://data.mcc.gov/evaluations/index.php/catalog/177
    Cost: None

    Data Access

    Citation requirements

    Jazayeri, Ahmad and Katharine Mark. 2016. Evaluation Report: Evaluation Design and Implementation Services in Benin: Access to Financial Services Performance Evaluation. DDI-MCC-BEN-NORC-IE-FIN-2016-v01. Distributed by: Monitoring & Evaluation Division of the Millennium Challenge Corporation: https://data.mcc.gov.

    Contacts

    Contacts
    Name Email
    Monitoring & Evaluation Division of the Millennium Challenge Corporation impact-eval@mcc.gov

    Metadata production

    DDI Document ID

    DDI_BEN_2016_MCC-AFS_v01_M

    Producers
    Name Role
    Millennium Challenge Corporation Review of Metadata
    NORC at the University of Chicago Metadata Producer
    Date of Metadata Production

    2016-10-27

    Metadata version

    DDI Document version

    Version 1.0 (October 2016)
    Version 2 (2020-06-08). Edited version based on Version 1.0 (DDDI-MCC-BEN-NORC-PE-FIN-2016-v01) that was done by the Millennium Challenge Corporation.

    Version notes

    Financial data was collected from all MFIs and MSMEs which received either a S1, S2 or S3 grant through the Benin Compact. In total, 9 MFIs received a S1 grant, 14 MFIs received a S2 grant and 42 MSMEs received a S3 grant. All 23 MFI grantees had complete financial data from 2009-2015, which ANSSFD shared with NORC. For MSMEs, 21 of 42 MSMEs shared complete financial data from 2009-2015 with NORC.

    Non-financial data was collected from 41 of 42 MSMEs and from 30 of the 32 MFIs approached.

    Qualitative data was collected from 43 MSMEs and from 32 MFIs. Some MSMEs applied for a grant as a consortium. When the head of the consortium was not found, the evaluation team collected this qualitative data from the two MSMEs which comprised the consortium, resulting in qualitative data being collected from 43 MSMEs.

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