Moza Banco's Director of Management Information, Camilo Amarcy, defends the need to take a contextualized look at the challenges facing entrepreneurs in the country, as a way of ensuring greater assertiveness when drawing up strategies to support national Micro, Small and Medium-sized Enterprises (MSMEs).

Amarcy's position was presented this Tuesday, in Maputo, at the Conference on the "We Finance Code for Women Entrepreneurs", a World Bank initiative that aims to be implemented in around 30 countries, including Mozambique.

Through this mechanism, it is hoped to considerably increase access to financial lines and services for MSMEs that are mainly owned by women.

Asked at the time about the need to disaggregate information about clients in order to expand MSMEs' access to finance, Camilo Amarcy stressed that "disaggregated data can help financial institutions and support entities identify which entrepreneurs need more support and which mechanisms can be most effective for each profile. However, before using only disaggregated data, it is important to understand the context of each entrepreneur.

An entrepreneur in Niassa can have very different challenges from an entrepreneur in Maputo," he said.

According to Amarcy, one of the solutions for segmenting data that is of particular interest to financial institutions could be to consult population studies and censuses.

"We could first exploit available public data, such as population censuses and analyses from the National Institute of Statistics, the World Bank and other sources, to build a more accurate segmentation model," added Camilo Amarcy.

In Mozambique, the meeting was organized in partnership with FSDMoç, under the motto: "Challenges and Opportunities for Data Disaggregation for MSMEs in the Financial Sector".

At the conference, several entities operating in the financial sector signed an agreement formalizing their commitment to supporting Women Entrepreneurs.

Moza, for its part, has been implementing various initiatives to support women since last year, through the Moza Women project, in which the bank promotes businesses led mostly by women and works with partners to provide lines of financing that meet the needs of women entrepreneurs. This year, the Bank's ambition is to create specific products that meet the needs of women, in the light of the same project.

The Bank recognizes the role of women in Mozambique's economic development at all levels and is therefore committed to creating diverse solutions that help ensure that women are always at the forefront of Mozambique's economic growth.