With the unique business models of microfinance institutions mainly targeted at the lower end of the market, bringing them under the purview of the Central Bank will not only give them a legal basis in dealing with depositors but will also boost access to formal financial services by the populace. Deposit Taking Microfinance Institutions are free to be community-based or nationwide.
IFC remains one of our key committed partners in the development of leasing in Seychelles since 2013, in line with its mandate. May I also acknowledge our local partner, the Seychelles Investment Board which has assisted with the organisation of the forum and all other stakeholders which have contributed in one way or another to realise this event.