Burkina Faso: microcredit

Timbuktu Chronicles writes about a successful micro credit scheme at work in Burkina Faso.…”As a member of this credit union network, Jacqueline got a first loan of 430,000 FCFA (C$1,000) in 2000. She duly repaid the loan. This gave her a higher credit rating. In the next three years, the credit union loaned her 7,730,000 FCFA (C$18,000). Among other things, this allowed Jacqueline to take government orders for office equipment.Business was booming”

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