• Burundi
  • Resources
  • Access to Finance
  • Access to Capital
  • Access to Capital

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.

angle-left MICROFINANCE: WOMEN'S SOLIDARITY OF SAVINGS AND CREDITS – SOFEPAC SA

WOMEN'S SOLIDARITY OF SAVINGS AND CREDITS – SOFEPAC SA

About the Institution

SOFEPAC SA has its origins in the women's savings and credit association – AFEPAC. Created in 1990, its main missions are to mobilize and collect savings from the public and those of women in particular, to fight against poverty by granting loans, to supervise beneficiaries, to train and create income-generating activities for women. mainly farmers traders. SOFEPAC SA Geographically covers Bujumbura mairie, Bujumbura Rural, Bubanza and Cibitoke.

List of Credits granted

1. Trade credit

Brief description of the product

Trade credit is credit for those who trade

Interest rate

2.5% per month

Guarantee

The guarantee is made of joint surety.

Repayment deadlines are 6 to 12 months depending on the client's request

The ceiling amount depends on his financial capacity and the income from his activity.

2. Solidarity credit

Brief product description

'Solidarity credit' is a group product. This credit consists of committing each of the members of the group to set up / stand surety for the rest of the group for the credit offered

Activity area

At this MFI 'solidarity credit' is a product granted in the sectors of agriculture, livestock and trade

Loan interest rate

The rate charged is 2.5% per month

Repayment deadlines

1 term of 6 months for farmers.

The ceiling amount depends on his financial capacity and income from his activity.

Guaranteed or not

Solidarity

3. Credit to young women entrepreneurs

Brief description of the product

Loans to young women entrepreneurs are loans granted to young people to help them realize their dreams of innovation and entrepreneurship

Activity area

Trade

Loan interest rate

2.5%

Repayment deadlines

6 to 12 months according to customer's request

Guaranteed or not

Joint and several guarantee or physical guarantee

Ceiling amount

Credit eligibility criteria

Other services

The ceiling is not fixed and depends on the financial capacity and the income of its activity

Have an account and an income-generating activity

Free training and support services

3. Social credit

-

Contact information

Boulevard de l UPRONA NR 20 located precisely opposite the Econet

Email: sofepac@gmail.com

The geographical coverage includes BUJUMBURA MAIRIE,

BUJUMBURA RURAL, BUBANZA AND CIBITOKE

Phone: +25722278404

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