EFI IN BURKINA FASO

PHOTO BY HENRY TENENBAUM

CRS’ relationship with local implementing partners is central to promoting the financial inclusion of vulnerable households.

PARTNERS IN Burkina Faso

2 partners
  • l’OcadesKoudougou
  • l’Ocades Manga

ACHIEVEMENTS

  • 5,250 Groups formed
  • 2,863,891 Value of Cycle’s savings
  • 145,255 SILC members
  • $1,097,451 Value of credits in progress
  • 85% Female members
  • 16% Return on savings
  • 95.5% Retention Rate

INNOVATIONS

CRS’ Pro-Poor Package encourages poor and marginalized households to join, participate and fully enjoy the benefits of SILC groups. In Burkina Faso, the PPP has created an environment where the most excluded, including people living with disabilities, can participate in SILC, enabling them to regain their dignity as productive members of society.
In Burkina Faso the EFI project has focused on several innovations:

1.

Large scale usage of the Progress out of Poverty Index, or PPI.

Analyzes the level of relative and absolute poverty among SILC members.54% of SILC member households in Burkina Faso live on less than $1.25 a day.

2.

SILC data collection using mobile devices

Supervisors and PSPs use Android phones to efficiently collect and post group performance data on the SAVIX platform.
Financial Education Pilot  16 PSPs have been trained 53 groups on CRS’ Financial Education curriculum, which provides SILC groups with the knowledge and skills to improve financial management of household and business transactions. SILC groups are paying a fee to the PSPs for this service.

3.

Financial Education Pilot

16 PSPs have trained 53 groups on CRS’ Financial Education curriculum, which provides SILC groups with the knowledge and skills they need to improve financial management of household and business transactions. SILC groups pay a fee to the PSPs for this service.

Poverty Outreach

In Burkina Faso, a team of enumerators administered Progress out of Poverty Index (PPI) interviews in 46 villages to 274 SILC groups. In total, 6,879 SILC group members were interviewed.  In the same, or near-by, villages 2,336 PPI interviews were also administered. When comparing the SILC group members to the reference, the data show that the SILC group members were poorer.  When performing a village-by-village comparison, the researchers found that 78% of the SILC group members in Burkina Faso came from the poorer half of their community.