Mediating Effects of Management of Information on the Relationship Between Mechanisms of Governance and Lack of Reimbursement of Tunisian’ s Associations of Microfinance Mighri Zouhayer 1 & Bel Hadj Tarek 2 & Jarboui Anis 3 Received: 1 December 2013 /Accepted: 24 September 2015 # Springer Science+Business Media New York 2015 Abstract The purpose of this paper is to develop a mediational model of financial performance of microfinance institutions. It evaluates the links between mechanisms of governance, management of information about borrowers, and lack of reimbursement. Our goal through this model is to demonstrate that it is through the process of management of information these mechanisms are converted into financial performance. Based on an analysis of data from 228 Tunisian micro-enterprises, we concluded the mediation possi- bility of management of information on a fall in the lack of reimbursement. Keywords Lack of reimbursement . Management of information . Microfinance . Mechanisms of the governance . Tunisia JEL Classification L26 Introduction During these 20 last years, a growing attention was given to the microfinance. In this respect, several researches were focused on the requirements of financial and legal J Knowl Econ DOI 10.1007/s13132-015-0316-x * Mighri Zouhayer mighrizouhair@gmail.com Bel Hadj Tarek belhaj_tarek@hotmail.fr Jarboui Anis anisjarboui@yahoo.fr 1 Faculty of Economics and Management of Sfax, Street of Airport, km 4.5, 3018, LP 1088 Sfax, Tunisia 2 Faculty of Economics and Management of Sfax, Airport Road - 0.5 km, 3029, Sfax, Tunisia 3 FSEG Sfax Tunisia, Sfax, Tunisia