Context

In Burkina Faso, women's financial autonomy is key to the socio-economic development of the poorest communities. However, not all women have access to training, and even fewer have access to the capital required to develop their activities. This is the case for women producing shea butter, long-standing partners of L'OCCITANE. Their production activity is too irregular to allow them to generate a stable income for themselves and their families.

 

Supported project

This is why the L'OCCITANE Foundation supports the Entrepreneurs du Monde (EDM) project promoting women's self-sufficiency and entrepreneurial spirit. This project combines training and access to microcredit to enable the poorest women to finance complementary income-generating activities. It therefore makes a significant contribution to reducing inequalities. For women, access to credit, control of resources and entrepreneurial knowledge leads to greater autonomy and recognition within their families and communities.

Some figures

The objective is to enable shea producers to have permanent access to financial and socio-economic services adapted to their needs. In the long term, the objective is to improve the living conditions of women living in rural areas in Burkina Faso. The budget allocated to the project this year is €137 788.

2019 budget 137 788 euros

History

Project supported since 2009

Total budget 1 146 487 euros

Total goal 18 513 women supported

The L'OCCITANE Foundation has been supporting the microfinance project developed by the EDM association since 2009. This project was based on the desire of women in shea unions to develop complementary activities alongside their shea work, increasing their income.1
The project, which initially followed a conventional model, has been restructured several times to produce a project that is now more adapted to the needs and realities of rural women:
-       The interest rate has been revised to be less restrictive for borrowers
-       The availability period and duration of loans have been made more flexible 
-       Different types of loans have been set up and linked to specific training courses (e.g. agricultural loans)
This project was first developed for the benefit of 600 shea farmers in Burkina Faso before opening up to other women living in rural areas who expressed a need for it. Today, more than 14,000 women in the provinces of Houet, Sissili, Ziro, Sanguié, Bougouriba and the rural communes of Tanghin-Dassouri and Pabré benefit from the project's activities. It is estimated that by 2021, 18,513 women will have benefited from microcredit, training and advisory support, allowing them to effectively develop their income-generating activities. 

1According to the PPI 2015 report, more than 80% of the women surveyed wanted to benefit from the project's activities

Testimony