For SANAD Fund for MSME (SANAD) the LFS conducted a market analysis, assessing both the demand and supply side of Very Small Enterprise (VSE) financing in Morocco. This included institutional assessments of the three partner microfinance institutions: Al Amana, FBPMC, and FONDEP. Furthermore LFS designed a survey (including questionnaire design and sampling of ca. 400 VSEs) and prepared a local survey institute for survey implementation and monitored it. Based on the findings LFS designed a proposal for a structured cooperation between the three participating MFIs (VSE platform) including the prerequisite measures to be taken to make the entry of the MFIs into the new market segment work.