Bobo-Dioulasso: The microfinance company FINEC-Burkina SA opens its doors for business prosperity

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The Microfinance Company for Savings and Credit of Burkina (FINEC-Burkina SA) officially opened its doors to the population of Bobo-Dioulasso on Saturday March 19, 2022. By dropping off its suitcases in the economic capital of the country, FINEC -Burkina SA thus wishes to inform the general public of its presence in inclusive finance in the Hauts-Bassins region and therefore in the greater west of Burkina Faso.

After the opening of the first two branches in Ouagadougou, then a third in the city of Koudougou, it is the turn of the economic capital of Burkina, to welcome the fourth branch of the Microfinance company for savings and credit of Burkina (FINEC-Burkina SA). Indeed, despite the difficult context that the country is going through, marked by health and security crises, the institution wants to get closer to its customers in order to support them for the success of their business.

This opening ceremony thus marks the official start of the activities of FINEC-Burkina SA in Bobo-Dioulasso and hence in the Hauts-Bassins region. This activity was placed under the chairmanship of the governor of the Hauts-Bassins region and the sponsorship of the president of the Hauts-Bassins regional consular delegation of the Chamber of Commerce and Industry of Burkina Faso. This new microfinance company’s main mission is to provide financial services and support advice to formal and informal micro and small businesses.

The ribbon cutting marking the official opening of the FINEC-Burkina SA branch

According to the general manager of FINEC-Burkina SA, Seydou Soungalo Yaméogo, this Sya agency is the fourth distribution network interconnected by the most secure means. He said that the opening of this agency in the economic capital of Burkina Faso is not fortuitous. This city, he said, is full of a lot of economic potential and opportunities in various fields. This is how FINEC-Burkina SA brings its offers of local and quality financial services adapted to the needs of traders, breeders, farmers, young people, women, business leaders, who need resources and support. to develop their activities. “In less than three years of existence, we have been able to have the confidence of 3,568 customers satisfied with our services, thanks to our professionalism, the quality of the service provided and our proximity to customers”, he said. underline.

Before recalling that FINEC-Burkina SA is a microfinance institution that knows how to rely on competence, work and discipline for the success of its mission, that of supporting micro and small enterprises to evolve into medium and large enterprises. According to him, the products offered by the institution will contribute to developing the business of the actors and therefore the local and national economy. He added that his company is one of the microfinance companies strongly committed to financial inclusion, having benefited from the confidence and distinction of the country’s authorities through the National Fund for Inclusive Finance (FONAFI).

The Managing Director of FINEC-Burkina SA, Seydou Soungalo Yaméogo

FINEC-Burkina SA aims to be closer to its customers

FINEC-Burkina SA officially launched its activities in June 2019 in Ouagadougou and operates legally throughout the national territory under an authorization issued by the Ministry of Economy, Finance and Development. It is a microfinance institution, incorporated as a public limited company under Burkinabè law. It does not exclude anyone from the financial and economic system in its offer. “Solidarity and proximity being our motto, we aim to be close and attentive to our customers, but also concerned about the success of their business”, suggested Seydou Soungalo Yaméogo.

According to him, innovation and digitization efforts are underway to allow access to an irreproachable quality service better suited to the needs of customers. Furthermore, FINEC-Burkina SA intends to step up its operations in agricultural and rural finance, a pillar for creating added value for the national economy. To respect its strategic development plan and its commitments to progressive coverage of the national territory, the opening of agencies in other cities will follow, according to the general manager.

The Chairman of the Board of Directors of FINEC-Burkina SA, Rigobert Ouédraogo

Support economic players in the Hauts-Bassins region

It was the high commissioner of Houet province, Lamine Soulama, representing the governor of the Hauts-Bassins region, who opened this Sya branch. The latter welcomed the opening of this agency in the Hauts-Bassins. For his part, he said that FINEC-Burkina SA is this microfinance which comes to increase the supply of quality and local financial and non-financial services, with flexible access conditions adapted to the economy and to the actors. economy of the region.

“Bobo-Dioulasso is full of economic potential with also many business opportunities. However, the actors encounter enormous difficulties in terms of financing their activities and their business plan. (…) it is in this sense that we welcome the arrival of FINEC-Burkina SA which comes to support the efforts already made in the region in terms of financing the plans”, rejoiced the High Commissioner Lamine Soulama.

The guided tour of the agency by the officials of the ceremony

“This financial institution which is opening its branch this morning is a source of pride for our region. Such development initiatives will always be encouraged by the government. By opening its doors in Bobo-Dioulasso, it is doing useful work in contributing to the economic development of the Hauts-Bassins region,” he continued.

The representative of the sponsor, Abdel Nasser Zongo, also welcomed the opening of this agency in Bobo-Dioulasso. He invited people to take ownership of this financing instrument and trust it. Anything that he thinks will help grow their business. “The business world is particularly happy to see this institution in Bobo-Dioulasso. Financing businesses in Burkina Faso is a challenge on several levels. Our economic fabric is made up of informal businesses that do not have all the information to access financing. And this institution thus comes to accompany them. This is how the business world is committed to supporting them,” he said.

The High Commissioner of Houet Province, Lamine Soulama

Sounding the same trumpet, Dina Sanon, accounting secretary of the GER-Afrique SARL group welcomed this initiative. In addition, she addresses her congratulations and thanks to the first persons in charge of FINEC-Burkina SA for, she says, their promptness to answer the calls of the customers, for their friendliness and for the confidence which they grant to the customers. “FINEC-Burkina SA is a good choice, especially with really acceptable interest rates. It pre-finances our construction projects, provides us with credits that we repay with an interest rate that motivates us and encourages us to stay with it,” said Dina Sanon.

Dina Sanon, accounting secretary of the GER-Afrique SARL group

While commending the country’s authorities for their support, the Chairman of the Board of Directors of FINEC-Burkina SA, Rigobert Ouédraogo, recalled that FINEC-Burkina SA is the initiative of Burkinabe natural and legal person shareholders, concerned about contribute to the economic and social development of Burkina Faso through financing and support for small and medium-sized enterprises. Its missions are to receive and manage the savings of its customers, to grant them loans, to reduce the financial and social vulnerability of its customers through micro-insurance products and to provide them with support and advice.

Its particularity, according to him, is that it is distinguished from other microfinance by its approach. It evolves in a dynamic of proximity with its customers, accessible with a fairly dynamic team and able to respond at any time and in any place. Also, it has a methodology for offering adapted services and products that periodically adjusts to the needs of the clientele. The ribbon cutting and the guided tour of the agency ended the ceremony.

Romuald Dofini


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