Private sector financing in Algeria. why are VSEs SMEs severely rationed? : field research findings

الملخص EN

The objective of this article is to analyse the reasons for VSEs/SMEs low level bank financing in Algeria.

Although they are multiple and varied, the reasons that are directly related to bankers behaviour are privileged.

To do so, we have based ourselves on the results of a field survey, by questionnaire, of a sample of banks.

The study shows that the low level of lending to VSEs/SMEs can be explained by two categories of factors: (1) the fragility of Algerian VSE/SME and the environment in which the bank operates; (2) the banks' incapacity attitude.