Burkina Faso

Financial services

Financing granted

Loan of €1.0M *
(equivalent in local currency)

Foundation partner

Since 2014
(4 loans granted)

*Outstanding amount at grant value
Partner website

Context:

Agriculture accounts for more than 30% of the country’s GDP and employs nearly 80% of the working population. Despite a decrease in poverty, 40% of the population still lives below the poverty line and 57% of the population does not have a bank account.

The institution:

Première Agence de Microfinance – Burkina Faso (PAMF-BF) is a Tier 2 microfinance institution (the size of the portfolio of client receivables is between $10 million and $100 million) created in 2006 by the Aga Khan Agency for Microfinance to promote the financial inclusion of low-income populations.

Impact:

PAMF-BF grants microcredits to finance agricultural and economic activities such as market gardening, cereal production, animal husbandry and small trade in rural and urban areas. The institution has a strong presence in rural areas with 84% of its
portfolio dedicated to financing agriculture. It is characterized by its good practices in terms of client protection.

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