Back to the news
PRODIA (Promotion du Développement Industriel, Artisanal et Agricole) is a Burkinabé microfinance institution. It was founded by a group of Burkinabé individuals convinced that limited access to credit is one of the main obstacles to the development of small businesses. The institution operates in both urban and rural areas across various regions of Burkina Faso, offering individual and group loans as well as savings products.
Burkina Faso is a low-income country facing numerous development challenges. It is ranked 185th out of 193 countries according to the Human Development Index (HDI), with an HDI of 0.438. Microfinance institutions play a vital role there by financing the informal economy, which, according to some estimates, employs nearly 90% of the active population.
PRODIA has long been present in the Burkinabé landscape, with a strong social foundation that is growing even stronger, as shown by the development of a rural portfolio and joint-liability loans. Capable of offering small-amount loans, the MFI targets some of the most disadvantaged populations eligible for credit. Furthermore, the MFI continues to serve areas affected by the security situation, highlighting its commitment to serving vulnerable populations.
