Burkina Faso: A new agreement to improve funding for farmers
Coris Bank and the Swiss Cooperation have signed a cooperation agreement.Coris Bank International and the Swiss Cooperation Office in Burkina Faso signed on July 31st a collaboration agreement.
It aims to support access to finance for Burkinabe farmers, in a country where over 80 per cent of the population relies on subsistence agriculture.
Coris Bank will set up funding schemes with the assistance of the Swiss Development and Cooperation (SDC), a subsidiary of the Swiss Cooperation.
According to the SDC, whose mission is to increase food security and the incomes of producers, the choice of Coris Bank for this collaboration is based on the bank's broad experience in supporting rural stakeholders.
Coris Bank was launched in 2008 in Burkina Faso. It has since established a presence in Ivory Coast, Mali and in the Togolese Republic in 2015.
This agreement between Coris Bank and the Swiss Cooperation should improve access to credit in a country where only 26 per cent of the population has access to financial services, according to estimates from the World Bank.