SOCIAL MICROFINANCE

A unique social microfinance model in

BACKGROUND MISSION BURKINA FASO

■ 19.2 millionMyanmar inhabitants rd ■ 183 out of 189Philippines countries* Senegal Burkina Faso ■ 38% unemployment rate Guinea To g o Sierra Leone ■ 44% of the population living on less than €2 a day *Human Development Index Source: hdr.undp.org

Villages and outlying districts with A microfinance model for the very no infrastructure poor Accessing education, employment, To help entrepreneurs like these, Pabré banking, social services, water and living with extreme poverty and/or electricity is very difficult in rural facing exclusion, with very little access Tanghin - Dassouri areas and in the outlying districts of to traditional microfinance services, Dano Ouagadougou, where population growth Entrepreneurs du Monde set up YIKRI, Diébougou is exponential. Women and young people a social microfinance institution, in 2015. are the first to suffer from extreme The team offers tailored services such as poverty. Entrepreneurship is of vital training, savings, microcredit and social importance to them. They can launch support, helping micro-entrepreneurs businesses almost overnight: reselling, achieve success and make lasting impro- MILLENNIUM GOALS running small restaurants, raising vements to their living conditions. animals or making clothes. But they need support to develop their businesses and make them sustainable. METHODOLOGY SUPPORT

Mariam ZONGO a successful poultry farmer A complete support package Supported growth The entrepreneurs form groups and can As with all of the programmes it sets up then access individual savings accounts and incubates, Entrepreneurs du Monde and customised unsecured loans, will support YIKRI until it achieves without the need for a guarantee. Once autonomy in all areas. By the end of or twice a month, the groups meet for 2019, YIKRI had already achieved 75% training related to business (accounting, operational viability, having enjoyed “I’m on my seventh loan: the first was for sales, stock management, etc.) or family strong growth over the 5 years it has CFA 150,000 (€230) and the current one is for life (disease prevention, domestic been operating - growth that brought 1.5 million CFA (€2,300), because I manage my loans well and am expanding my business: violence, civil rights, etc.). Then, a social with it significant funding needs. I now have a thousand birds! I created jobs for worker at each branch helps those in Entrepreneurs du Monde is still myself, my husband and two other people in my difficulty by listening, offering advice and supporting the new local MFI* to help neighbourhood. The financial support and training referring them to resource partners. it achieve its social and economic from YIKRI have given my business a real boost objectives. and transformed my family’s daily life!” *MFI: Social microfinance institution • Edited on 24 April 2020 greatly appreciated. ofBurkinaFaso and is is uniqueinrural parts YIKRI’s innovative and comprehensive support repayment,post-harvest etc. context: biggerloansduringthesowing season, YIKRI adapted its loan policy for the agricultural Agricultural loans conditions andsoon. to enrichthesoilandprevent erosion, soil dry school. They teach bio-agriculture techniques and technicalmodulesintheform ofafield one-to-one support, financialandsocialtraining advisors were recruited in2019. They provide Three additional agriculturaltechnology Training beer-making! the last 6 months than she would from a year’s 52 improved-breed pigs, shehasmademore in apig-fatteningbusiness.started Today, with her of thanks tothesupport YIKRI, shehasnow came from makingdolo, thelocalbeer, andthat recounts thatfor 20years hermainincome year. For example, OdetteSomdainDano diversify andsmooth theirincome over the means todevelop asecondbusinessstream to It gives farmersandagriculturalprocessors the opened since2015, thisisthe4 province of Ioba. Of the 8branches YIKRI has south-western region inthe the Dano a branchin YIKRI opened In July 2019, Proximity SUSTAINABLE AGRICULTURE SOCIAL MICROFINANCE SUPPORTING ZOOM  GIVEN SUPPORT ARE WOMEN SUPPORT GIVEN OF THE MICRO-ENTREPRENEURS

 83% •

th inaruralarea. PARTNERS OUTLOOK HIGHLIGHTS KEY FIGURES 2 1 • • • allowing: can becarried outonmobilephones, thatwillmeantasks mation strategy defining a long-term digitaltransfor organised with ADA, theteamwillbe During a Digital Finance workshop Digital Financeworkshop “When Icameoutofprisonhadno of them. The father of two is a farmer. rable group. Marc Rouambiaisone former detainees, vulne aparticularly The team also decided to work with Working with former detainees mutual. 2184 peoplehadalready joinedthe health-care scheme. By31December, the chancetojoinaformal mutual nance institution is offering its members For thefirsttime, aBurkinaFasomicrofi Setting up a mutual Objectives 2020 on 31/12 over 1 year in real time. and withdraw theirsavings; neurs andloans; both parties totrackloans andsavings both parties recipients tomake loan repayments trainers toenterdataaboutentrepre

CONTACTS 2019 2018 > Head of Social Microfinance unit > Burkina Faso coordinator > Director [email protected] [email protected] [email protected]

with accessto Entrepreneurs savings 27,000 23,782 19,170

who receivedatleast Micro-entrepreneurs one loanin2019

18,000 15,476 13,212 1

granted 25,000 21,790 18,629 Loans - - - - 1 amount Average set forth set forth YIKRI’s visionandstrategy. existing staffandnew teammembersto values. This workshop brought together enterprise culture, its vision, mission and experiences and getting to grips with in aworkshop, exchangingideas, sharing In May 2019, the whole team took part Vision / Mission / Values Workshop YIKRI gave mebackmy life!” me backmy self-esteemandmy dignity. mybusiness I can support family. It’s given than 400 chickens and thanks to my help me back into work. Inow have more intrainingsessionsandgot aloanto part fromand support asocialworker, took project, Ijoinedagroup, received advice idea how I’d getby. Thanks tothe YIKRI the issueofitsown viability. YIKRI will address both their needs and grown theirbusinesses. Bydoingso, entrepreneurs whohave significantly (‘ It willalsobeoffering a Toongré loan other institutions. helps them avoid over-indebtedness with needs, encouragescustomerloyalty and into accountalltheborrower’s financial activity-centred approach thattakes project-centred rather than a purely YIKRI hopestodevelop loansusinga Developing new services Burkina Faso’s microfinance sector. highest performingin loanportfolio YIKRI isgrowing butstillholdsthe quality Maintaining portfolio € 275 € 245 € 218 loan emergence 1 Outstanding M€ 6.9 M€ 5.4 M€ 1.8

ON THE WEB loans > > >

YIKRI Testimony www.entrepreneursdumonde.org 2 ’ in the national language) to ’ inthenationallanguage)to Accumulated savings K€ 748 K€ 529 M€ 1 2 Operationally sustainable MORE ABOUT 85% 75% 62% 2 employees No. of 104 93 69 2