Decentralized Financial Systems (DFS) are experiencing an upturn. The latest official figures available show rapid growth in the microfinance sector in Togo.

 More and more people are joining decentralized financial systems. The appropriations which the latter also grant them are clearly increasing. In the West African Economic and Monetary Union (WAEMU) area, Togo achieved good scores. This progress is due in part to the establishment of the National Fund for Inclusive Finance (FNFI).

In detail, DFS clients increased from 1.6 million to 2.6 million between 2015 and March 2019. Throughout the country, there are now 76 microfinances.

Each year, transactions (credits and deposits) exceed 300 billion FCFA. According to figures from the Central Bank of West African States (BCEAO), "outstanding loans have again increased by 16% this year, after growing by 21.9% in 2016, 19.9% in 2017 and 24.8% in 2018. The same trend is observed in filings, confirming the indicators of the first quarter of 2019, "reports a source.

From January to March of the current year, still in the WAEMU zone, Togo comes in second place (16%) behind Mali (20%) in terms of deposits collected. It remains second in terms of growth in outstanding loans behind the country of Ibrahim Boubacar Kéita with a percentage of 19.6%.

A downside all the same: the credit portfolio is struggling to improve. Despite this weakness, Togo remains above average.

According to the Secretary of State for Financial Inclusion and the Informal Sector, Assih Mazamesso, the government's concern through the creation of the FNFI "is to ensure over a period of 5 years, an increase in access to and use of a diversified range of financial products and services, formal and informal, accessible for 60 to 80% of the adult Togolese population."