UNCDF has been present in Burkina Faso since 1981, providing support to meet development objectives through several projects focusing on inclusive finance and local development.
Today, UNCDF offers catalytic finance models that unlock public and private resources in “last mile” environments, especially at the domestic level, to reduce poverty and support local economic development.
In 2020, UNCDF launched the TELBA programme to support the establishment of a guarantee mechanism for micro-, small- and medium-enterprises (MSMEs) in the agriculture, forestry, and renewable energy value chains. The objective of the programme is to facilitate access to finance for MSMEs involved in the aforementioned value chains. A mixed-financing approach using grants and formal credits along with technical support and provision of guarantees are some examples of the financial mechanisms involved. The aim is to support food security, income growth and employment for women and youth.
UNCDF is also currently implementing the Resilience Building and Innovation Support Program (PARI). Officially launched in November 2018 and scheduled to run until September 2021, the programme PARI is an initiative of the Government of Burkina Faso with technical and financial support from UNCDF and the Luxembourg Cooperation. It is part of the UNCDF global strategy to leave no one behind in the digital era and aims to make a sustainable contribution to increasing productivity and incomes by leveraging the potential of digital innovations to improve access to finance and economic opportunities for women, youth, farmers and MSMEs.
Complementary to PARI is the Clean Energy for People's Resilience (CE4PR) programme, which contributes to energy access solutions targeting agriculture productivity and related income-generating activities. These solutions are provided by energy service companies and accelerated by innovative business models and alternative financing solutions.
Previous programmes include the Family Farming Adapted Finance Support Programme (AgriFinance). Implemented from 2015 to 2018, the AgriFinance program helped improve access to financial services specifically tailored to the needs of small-scale producers or value chain actors of rice, tomatoes, and cowpeas. By facilitating access to financial services tailored to the needs of actors in the three value chains, the programme helped improve food security, youth self-employment, and income security in rural areas, particularly for women.
From 2010 to 2015, UNCDF piloted YouthStart in partnership with Mastercard Foundation with the objective to increase access to integrated financial services for youth aged 12 to 24. YouthStart has provided technical and financial assistance to 10 financial institutions in 8 Sub-Saharan countries. By the end of the Programme (2015), YouthStart tripled its targets reaching more than 635,000 youth with financial and non-financial services.