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Replicating the Grameen Bank in Burkina Faso
Although the Grameen Bank model has been replicated all over the world, little has been published on its success in Africa. This article describes Credit with Education, a modified Grameen Bank model implemented in Burkina Faso by Freedom from Hunger. Of particular interest is the institutionalset-up, where the Credit with Education programme has fitted in to a pre-existing system of credit unions (caisses populaires) and smaller village banks (caisses villageoises), which have supplied the funds to the groups of women borrowers. Another factor contributing to the
success of the programme and its high repayment rate is the previous involvement of a large number of the women in traditional rotating savings and credit associations (ROSCAs or tontines).
Although the Grameen Bank model has been replicated all over the world, little has been published on its success in Africa. This article describes Credit with Education, a modified Grameen Bank model implemented in Burkina Faso by Freedom from Hunger. Of particular interest is the institutional
set-up, where the Credit with Education programme has fitted in to a pre-existing system of credit unions (caisses populaires) and smaller village banks (caisses villageoises), which have supplied the funds to the groups of women borrowers. Another factor contributing to the
success of the programme and its high repayment rate is the previous involvement of a large number of the women in traditional rotating savings and credit associations (ROSCAs or tontines).
set-up, where the Credit with Education programme has fitted in to a pre-existing system of credit unions (caisses populaires) and smaller village banks (caisses villageoises), which have supplied the funds to the groups of women borrowers. Another factor contributing to the
success of the programme and its high repayment rate is the previous involvement of a large number of the women in traditional rotating savings and credit associations (ROSCAs or tontines).
Implementing innovative financial models in different cultures
Cervantes, Mauricio
Lemus, Daniel
Montalvo, Raúl
Cross Cultural & Strategic Management, Vol. 24 (2017), Iss. 3 P.508
https://doi.org/10.1108/CCSM-09-2016-0170 [Citations: 3]Implementing Innovative Financial Models in Different Cultures: A Comparative Analysis of China and Mexico
Cervantes, Mauricio
Daniel, Lemus
Montalvo, Raal
(2015)
https://doi.org/10.2139/ssrn.2555642 [Citations: 0]Tabs navigation
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