Caisse Cooperative d'Epargne et de Crédit Mutuel (CECM) - Burundi
- Burundi
- Resources
- Access to Finance
- Access to Capital
- Access to Capital
Access to capital in Burundi
The Government of the Republic of Burundi, through the Ministry of Human Rights, Social Affairs and Gender, has a National Gender Policy of Burundi, 2012-2025. Among the eight challenges identified that affect the social, legal and economic situation of women and that limit the promotion of equity is the challenge of equal access and accessibility to resources and economic opportunities by women.
With this policy, women currently have access to factors of production, basic infrastructure, support services and financial resources as indicated in the National Gender Policy of Burundi, 2012-2025, especially in its results framework. . Some women's organizations and associations have been created precisely to facilitate women to have capital to start their business or increase their business. Other financial institutions have created specific products for women entrepreneurs.
Caisse Cooperative d'Epargne et de Crédit Mutuel (CECM)
- Caisse Cooperative d'Epargne et de Crédit Mutuel (CECM)
About the Institution | The Caisse Coopérative d'Epargne et de Crédit Mutuel (CECM) is a Microfinance institution which began operations in 1995 and was approved by the BRB in 2006. The CECM wants to strengthen the economic and social power of low-income people, particularly women, by supporting their economic activities through local financial and non-financial services that are accessible and adapted to their needs. The CECM has 6 branches including 5 inside the country and 3 counters in the city of BUJUMBURA. It covers the national territory thanks to the CECM NI AKARAVYO product which facilitates withdrawals, deposits and transfers by mobile phone. | |
List of products supplied by the Institution | ||
Brief product description | At least 15 group members in association are eligible for the Credit | |
1.VSLA | Loan interest rate: | 2 months |
Activity area : | Small business | |
Repayment deadlines | 6 months | |
Guaranteed or not | Without physical guarantee but the moral guarantee is required, that is to say the endorsement between the members of the group | |
Ceiling amount | 1,000,000Fbu | |
2. Trade | Brief product description | The product is intended for women who operate in the Commerce sector |
Loan interest rate | 8 -12% | |
Activity area | Trade | |
Repayment deadlines | 6 -36 months | |
Guaranteed or not | With guarantee (“moral” joint surety or physical guarantee) | |
Ceiling amount | 50,000,000 Bif | |
3. Solidarity Guarantee Group (GCS) | Brief product description | The Solidarity Guarantee Group (GCS) is intended for a team of people thus constituting a guarantee in the reimbursement. |
Activity area | Small business | |
Interest rate: | 2 months | |
Repayment deadlines | 6 months | |
Guaranteed or not | The joint guarantee of the members varying from 5 to 10 | |
Ceiling amount | 1,000,000 Fbu | |
4. Farming | Brief product description | This product is intended for women who work in the agricultural sector. |
Activity area | Agricultural | |
Loan interest rate: | 8% / year | |
Repayment deadlines | 6 to 9 months | |
Guaranteed or not | With warranty | |
Ceiling amount | Relating to the member's repayment capacity with a ceiling of 50,000,000 Fbu. | |
5. Health and social action | Brief product description | This product is intended for women who work in the health sector and in other social actions |
Activity area | Health and social | |
Loan interest rate | 8 – 12%/ year | |
Repayment deadlines: | 3- 36 months | |
Guaranteed or not | With warranty | |
Ceiling amount | The ceiling moment is relative to the repayment capacity of the Fbu member. | |
6. Education | Brief product description | This product is intended for women but only for educational activities |
Activity area | Education | |
Loan interest rate | 8 - 12%/ year | |
Repayment deadlines | 3- 36 months | |
Guaranteed or not | With warranty | |
Contact information | Microfinance contact details The CECM | The CECM is located at Avenue de la RDC N° 10 BP 6665 Bujumbura |
Email: cecm@cbinf.com | ||
Tel: 22 24 95 27 / 22 21 33 75 |