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.
2023 key figures
33 194
supported entrepreneurs
79%
women
5 554
training sessions
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
Specific support for internally displaced persons
Specific support
Since 2015, the security situation has deteriorated with the rise of jihadist movements. There are 1.7 million internally displaced people, or 6% of the population (UNHCR 2022 figure), including 500,000 in Ouagadougou. 2.36 million people are food insecure (OCHA figures).
In response to this dramatic situation, YIKRI has created a specific project to facilitate the economic and social integration of these internally displaced people within their host communities in the Central region of Burkina Faso, particularly in Ouagadougou.
Committed partners
This 3-year project has a budget of €620,000, including €350,000 financed by AFD. It will be carried out in partnership between 4 players in the Entrepreneurs du Monde ecosystem and a government body in Burkina Faso.
YIKRI: general project coordination, partner representation, financial services (microcredit, savings, mutual health insurance), economic, agricultural and social training services, support and social referral services.
Entrepreneurs du Monde: financial and technical support and skills transfer to YIKRI.
TOND LAAFI: implementation of micro health insurance services for the most vulnerable through the Health and Social Protection Scheme (DSPS).
Nafa Naana: provides clean, economical energy solutions for cooking and lighting.
SAMU Social Burkina Faso: identification of displaced persons, referral and care of children and young people living on the street and/or experiencing family and social breakdown.
