• Mon. Feb 26th, 2024

The PAIFAR-B project mediates between cooperatives and micro-finance institutions


Mar 29, 2022

CANKUZO March 29th (ABP) – Mediation between rural cooperatives and micro-finance institutions for access to the loan is one of the roles of the Burundi Financial and Agricultural Inclusion Support Project (PAIFAR- B). That was said Thursday, March 24, 2022 by Mr. Jérôme Sindayigaya, regional coordinator of the said project for the East region, in a self-assessment workshop on the year 2021-2022 and planning 2022-2023, a check on the site by ABP has revealed.

He said that the monetary transfer of 75,000 BIF and the granting of livestock are for the vulnerable population in order to accompany them little by little towards the ability to join cooperatives like the rest of the community. That official pleaded for the sensitization of these beneficiaries to the good management of money and to the chain of solidarity.

And compared to the cooperatives of the other provinces, the assistant manager of the loan sector within the project, Dieudonné Muheto congratulated the cooperatives of the Cankuzo province for having well managed the loans they receive from the Coopec despite the failure of two out of 13 there.

At a time when beneficiaries want access to the loan, for the supply of agricultural product processing machinery, PAIFAR-B representatives have promised to have inserted credit mediation programs for the execution of any desired project.

As for the adviser to the governor in charge of development, Mr. Ferdinand Birahanyi, he challenged those responsible for the project to do their best so that the project reaches the entire population concerned.

The participants gave advice to the beneficiaries, aimed at respecting the categories of target people justifying that the loan is intended only for cooperatives of people with limited means.