YIKRI : Social microfinance in Burkina Faso
832818accompagnied entrepreneurs
13604register to mutual health
86%women
For the poorest Burkinabè, entrepreneurship is a vital necessity. But to develop and sustain their business, their workshop or their field, they need support. At present, poverty and food insecurity are worsening due to :
– reduced agricultural production (climate change, inflation on inputs and villagers fleeing the jihadists)
– inflation on imported food products.
Social microfinance for the poorest
Entrepreneurs du Monde has created YIKRI, a social microfinance institution, to serve entrepreneurs in extreme poverty who have no access to conventional microfinance services.
The YIKRI team provides tailored services (training, advice, savings, microcredit, social support, health micro-insurance) to help these micro-entrepreneurs succeed and improve their living conditions over the long term.
2024 key figures
30 659
supported entrepreneurs
81%
women
50%
of borrowers in rural areas
It works !
I was able to buy 3 dryers, innovate and hire!
I lost my parents when I was 13. My 5 brothers and sisters and I were raised by our uncles. I had to leave school at the end of CM2 and learn sewing to earn a living. For years, my sewing business flourished, and my brother and I were able to build a small house to live in with him and two of our sisters.
But my eyesight deteriorated seriously and I had to retrain. I started processing corn into flour and couscous. I’m proud to make life easier for mothers with these semi-prepared products.
To develop my production, I joined YIKRI*. I regularly benefit from loans of over 100,000 FCFA (€1,500). Before, I had to dry my products in the open air. Thanks to YIKRI’s support, I was able to buy 3 dryers. I also hired someone. Today, I can calmly cover the cost of clothes, schooling and supplies for my 4 children.
I really enjoyed the training on managing competition and the 4Ps (Product, Price, Place, Advertising) and I’m going to reach new heights. I’m already going to open a store to showcase my couscous and corn flour and add innovative products like monkey bread and soubala.
Madame Boni
