Development & Implementation of Financing Mechanism — Burkina Faso

Assignment Name
Support for the development and implementation of a financing mechanism adapted to the needs of MSMEs in Burkina Faso.

Project Description
Provide technical and strategic advice to ENABEL Burkina Faso on how to sustainably provide access to finance to MSMEs in the Central-East region with a focus on youth and women.

The activities carried out involve

• Analyze supply and demand for financial products and services in the Central-East region and identify market gaps and/or constraints to access;
• Assess the relevancy and feasibility of setting up a loan guarantee fund to encourage financial institutions to refinance MSME in the target region;
• Formulate different options / scenarios to set up a loan guarantee fund;
• Provide guidance on setting up a mechanism to provide equipment subsidies (grants) as a mean to partially address funding needs;
• Make recommendations to Enabel Burkina Faso on how to improve outreach of financial services and explore the potential of using digital financial services;
• Assist the team on the ground to implement the funding mechanisms (guarantee fund, selection of financial institutions, strengthening of financial institutions)