Microfinance in Burkina Faso
In Burkina Faso, as in many developing countries, access to loans is facilitated by microfinance institutions and actively contributes to increased individual empowerment and local economic development.
- Access to financial services: a necessity
- In Burkina Faso, what are the challenges for microfinance?
- First Hand Account from abroad
- Discover DID
- Microcredit and much more!
Microcredit and much more!
Even today, more than 80% of the inhabitants of developing countries have no access to financial services with all the negative consequences that implies: the difficulty of keeping savings safe and secure, no access to small consumer loans for school tuition fees or medication when needed, no access to productive credit at a reasonable rate, no insurance to cover hardships, etc.
The expertise and investment delivered by Développement international Desjardins (DID) to community finance institutions is designed to provide communities with tools for organizing themselves and meeting their own needs for financial services, beginning with the use of local resources, savings deposits and capacity-building.
In Burkina Faso, what are the challenges for microfinance?
- Introduction to the RCPB
In Burkina Faso, DID and the Réseau des caisses populaires du Burkina italique (RCPB) are partners since 1972.
Download the file (PDF format, 76 Ko) - Setting fees for inter-coop services
In the Burkina Faso, the inter-coop service is up and running in pilot financial cooperatives. The project is also run in Mali and this article testify of the appreciation of the coops and of their members for this new technology introduced by DID and in association with the financing of the Foundation Bill-et-Melinda-Gates.
Download the file (PDF format, 271 Ko) - The Le Levier federation welcomes Adeline Zongo from Burkina Faso
From June 3 to 10, 2008, the Le Levier federation, made up of 14 Haitian financial cooperatives, was host to DID’s Outstanding Partner for 2007, Adeline Zongo, director general of the Caisse populaire de Cissin in Burkina Faso.
Download the file (PDF format, 207 Ko) - The director general of the RCPB is one of DID’s exceptional partners
Daouda Sawadogo, Director General for the RCPB is one of the four outstanding partners honored by DID in February 2007 during International Development Week.
Download the file (PDF format, 101 Ko) - Automating financial coop operations at the RCPB: from apprehension to enthusiasm
The vast endeavour to integrate information technology across the RCPB network reached full momentum in 2005-2006 and any initial apprehension has been completely transformed into enthusiasm.
Download the file (PDF format, 245 Ko)
First Hand Account from abroad
- Mexico: Financial services now accessible in rural and marginalized communities (PDF format, 428 Ko)
- Homeownership (PDF format, 307 Ko)
- Haiti: Schooling for children (PDF format, 467 Ko)
- Haiti: Our financial coop is a symbol of our community (PDF format, 94 Ko)
Discover DID
Développement international Desjardins (DID) is a component of the Desjardins Group, the largest cooperative financial group in Canada. It has been providing support for the creation, development and strengthening of financial institutions for over 39 years.
DID is currently active in twenty countries in Africa, Latin America, the Caribbean and Europe.
DID, which specializes in providing technical support and investment for community finance, draws on the rich and diverse experience acquired through collaboration with numerous partners, and on the over 100 years of experience of the Desjardins Group.
DID works in partnership with the Canadian International Development Agency, the World Bank, the Inter-American Development Bank, the Bill and Melinda Gates Foundation and many other multilateral organizations.
Suggestion : Go visit the « Working at DID » section
Microcredit and much more!
It is well known that credit enables borrowers to carry out endeavours that can improve their lives considerably.
With microcredit, loan amounts are reduced and lending methods are adapted to accept the collateral and reimbursement capacity of disadvantaged clients, thus giving them access to financial resources, a valuable tool.
All Développement international Desjardins (DID) financial institution partners offer microcredit to their members, but as part of a service delivery package that is much larger and also includes savings products, access to convenience services (deposits and withdrawals), consumer credit (which in most cases is used to finance education), business loans, agricultural loans, housing loans, insurance, etc. These partners are responding to a multitude of needs and create significant development impact in the communities where they are active. The impact is produced by an increase in access to financial services on a sustainable basis.
Microfinance gives economically disadvantaged women and men access to financial services adapted to their needs.