PRODIA, Promotion du Développement Industriel, Artisanal et Agricole, is a Burkina Faso MFI. It was created by a group of Burkinabes convinced that poor access to credit is one of the major obstacles to the development of small businesses. The institution operates in urban and rural areas across Burkina Faso, offering individual and group loans, as well as savings products.
Burkina Faso is a low-income country facing numerous development challenges. It ranks 182nd out of 189 countries on the Human Development Index (HDI), with an HDI of 0.452. Microfinance institutions play an essential role in financing the informal economy, which employs nearly 90% of the working population according to some estimates.
“PRODIA has been present in Burkina Faso for a long time, with a strong social anchoring that is being strengthened more and more, as demonstrated by the development of a rural portfolio and solidarity loans. Given the low entry fees, the MFI targets some of the most disadvantaged populations eligible for credit. In addition, the fact that the MFI continues to serve areas affected by the security situation demonstrates its strong social roots and its willingness to serve vulnerable populations.