FinScope. Consumer Survey Highlights. Burkina Faso 2016 MAKING ACCESS POSSIBLE

Transcription

1 FinScope Consumer Survey Highlights Burkina Faso 2016 MAKING ACCESS POSSIBLE

2 Partnering for a common purpose Making Access Possible (MAP) is a diagnostic and programmatic framework to support expanding access to financial services for individuals and micro- and smallbusinesses. The MAP methodology and process has been developed jointly by UNCDF, FinMark Trust and Cenfri to foster inclusive financial sector growth. At country level, the core MAP partners collaborate with Government, other key stakeholders and donors to ensure an inclusive, holistic process. MAP Burkina Faso represents a partnership between the Ministry of Economy, Finance and Development through the Permanent Secretariat for the Promotion of Microfinance (SP/PMF) and the UNCDF through its AgriFinance Programme co-financed by UNCDF, UNDP and the Government. private sector, NGOs, developmental partners and Government to ensure that the most relevant consumer data is collected. This pocket guide represents some of the key market data on financial inclusion. Additional deeper dives on key thematic areas can be found on the data dashboards on agriculture, youth and clean energy. The FinScope survey is dynamic and the content is evaluated by a number of stakeholders including the The cover symbol Through the MAP programme, we hope to effect real change at country level and see the impact of financial inclusion on broader national growth and development. The cover graphic features a flower that symbolises growth and development while the circle represents inclusive growth. Each flower is an example of the successful growth in a unique environment. By combining the flower with the currency symbol of the West African Monetary Union, to which Burkina Faso belongs, we represent the characteristics of the country, linking financial inclusion with successful growth.

3 OVERVIEW Introduction Good macroeconomic stability and an improving political situation are creating a conducive environment for sustained economic growth in Burkina Faso. The prudential economic and monetary management have helped keep low inflation rates despite a challenging economic environment characterised by the decline of export products (gold, cotton) and political instability. With the improved political situation and efforts to create an enabling environment for increased private sector investment, the country is expected to resume strong economic growth and reduce the poverty incidence over the coming years. Through the National Strategy for Financial Sector Development (SNSD), the Government aims to strengthen monetary policy, increase the efficiency of the banking system by improving financial intermediation and access to finance. The main challenge is to promote a diverse range of financial services that address risks to agricultural and microenterprises development. In a more focused approach, the Burkinabe Government together with the MAP partners lead the implementation of MAP with the first step of implementing a FinScope survey. Methodology According to the listing conducted by BERD/ LESSOKON, the total adult population is estimated to be 10 million Nationally representative individual-based sample of the adult population aged 15 years and older at regional and urban/rural level Sampling frame and data weighting conducted by the INSD and weighted to the INSD Population Projections aligned to census data face-to-face interviews conducted by BERD/LESSOKON (May 2016 September 2016) Survey objectives The objectives of FinScope Consumer Survey Burkina Faso 2016 were to understand the adult population in terms of: Livelihoods and how they generate their income Their financial needs and demands Their financial perceptions, attitudes, and behaviours Their demographic and geographic distribution Current levels of access to, and utilisation of, financial services and products Drivers and barriers to the utilisation of, and access to, financial products and services Published February 2017

4 REGIONS OF BURKINA FASO BURKINA FASO CAPITAL CITY Ouagadougou Sahel Niger Nord Centre-Nord Boucle du Mouhoun Centre Plateau Central Est Centre -Ouest Centre-Est Hauts-Bassins Centre -Sud Cascades Sud-Ouest Benin Ghana Togo Ivory coast

5 48% Female 52% Male Total adult (15+ years) population 10 million 58 % 35 years or younger DEMOGRAPHICS 76 % Rural 78 % Primary education or less 63 % 24 % Urban No formal education The gender distribution displayed above is obtained directly from the sampling frame. The actual Burkinabe gender distribution is 52% Female to 48% Male. Overall, this does not change the findings. 1

6 DEMOGRAPHICS Cell phone Radio Bed/mattress Motorcycle/moped Television Bicycle Gas stove Dish antenna/decoder VCR /CD/DVD player Electric appliances Refrigerator/freezer Desktop/laptop Jewellery Private car Urban Rural 93 Wheelbarrow/rickshaw Generator/solar panel Music equipment Plow for animal traction HOUSEHOLD OWNERSHIP OF ASSETS (%) 58

7 DEMOGRAPHICS 61 years & older years years years years years years Using 35 years and below for the youth group (58%), there are more youth who live in the rural areas (75%) AGE (%) Vocational / tertiary and higher Secondary education Primary education or lower No formal schooling Adults with low educational attainments e.g. primary education or less are more prevalent in rural areas (88%) and rely mainly on agricultural activities or farming as a main income source (65%) EDUCATION (%) 63 3

8 Agriculture 75% of Burkinabe households are involved in farming 9% of farmer households received formal training/ technical assistance mainly in agricultural, fishing and livestock techniques with most having had it free of charge Of those who are mostly consumption farmers and have considered commercialising, lack of inputs and land size cited as major barriers to commercialising Do not have the money for the inputs 47 Do not have enough land 31 Do not have enough access to inputs Do not have enough water There is no surplus to sell 9 Other 10 4 BARRIERS TO COMMERCIALISING (%)

9 UNDERSTANDING PEOPLE S LIVES Agriculture MARKET FOR THOSE SELLING CROPS/PRODUCE (%) At market place Trading company Direct to the consumer Agricultural body/ government agency Middleman/agent Retailer Processing industry e.g. flour factory Other The market place is the most popular channel for farmers to sell their produce 46% of farmer households are consumption farmers, 1% are fully commercial and 53% both consume and sell their produce Lack of fertilisers Lack of tools/materials Climate risks (drought, floods etc.) Lack of pesticides Lack of funding Seed shortage Not enough land FARMING PROBLEMS EXPERIENCED (%) % lack of fertilisers 5

10 Income/livelihoods 80 % 79 % 74 % Farming is very important to the Burkinabe with 75% of households being involved in farming corn (80%), millet (79%) and sorghum (74%) 8% of farmer households are in possession of a document for the land they farm on (title deed or petits papiers) Corn Millet Sorghum SOURCE OF FARMING INPUTS (%) Do not buy any as I use what I have Sell some livestock and use the money Sell some crops and use the money Use money from other sources of income Sell products like milk, eggs, etc. Sell something we collect from nature Labour/temporary work

11 UNDERSTANDING PEOPLE S LIVES Income/livelihoods FCFA and above FCFA FCFA FCFA FCFA FCFA FCFA and below No income Refused/do not know PERSONAL MONTHLY INCOME (%) (USD 1 = ±600 CFA) Farming/livestock Self-employed - unregistered Get money from household member Salary from Government Salary from private company Salary from an individual Piece work Make goods to sell Sell something from nature Remittances 1 PRINCIPAL INCOME SOURCE (%) Over half of the adults claim farming/farming activities as a main income source The informal economy provides the main income source for 21% of adults and 18% are dependents relying on remittances and other household members 61% of adults personally earn 30,000 CFA ( $50) or less per month while 72% live under 50,000 FCFA ( $83.33) per month (including 23% that claim to have no income) 55 7

12 Infrastructure accessibility Adults using or aware of destination Mean time taken to reach destination [minutes ( )] Total Urban Rural Grocery store 100 % 18' 26' 29' Helth centre 95 % 13' 20' 23' Mobile money agent 40 % 11' 21' 29' School 99 % 16' 14' 32' MFI 25 % 21' 33' 46' ATM 19 % 21' 39' 75' 8 Bank agency 22 % 22' 40' 72'

13 UNDERSTANDING PEOPLE S LIVES Walk Cycle Taxi 74 % 20 % Bus Car/motorbike 6 % Infrastructure accessibility Popular mode of transport 30 % 34 % 1 % 40 % 48 % 19 % 40 % 68 % 21 % 1 % 10 % 18 % 18 % 16 % 21 % 16 % 2 % 1 % 1 % 1 % 1 % 1 % 59 % 64 % 67 % Financial service access points are less accessible to adults without a car/ motorbike with the exception of Mobile money agents which are mostly located within walking distance 9

14 INFRASTRUCTURE 87% 30 % 8% Number of households with access to tap water (as main source of drinking water) Rural Urban 95% TOTAL 63 % 51% Number of households with access to toilet facilities Rural Urban TOTAL Type of toilet 10 Pit/private lost hole Pit/public losthole Private toilet with flush 8% 13% 79%

15 UNDERSTANDING PEOPLE S LIVES Infrastructure accessibility Household level 77% 24 % 4% Number of households with electricity connection Rural Urban TOTAL Sources of electricity SONABEL 47% 91% 96% Independent producer 2% 0% 16% Solar panel 4% 7% 37% Total Urban Rural 11

16 35 % 76% Communication and technology access/usage Media access in past month Radio 73% 76% 84% Television 22% 9% Newspapers 1% 35% Radio is the most effective communication channel to reach a broader number of adults 8% Internet 1% 33% 6% Magazines 1% 23% Other 2% 2% Total Urban Rural 1% 12

17 UNDERSTANDING PEOPLE S LIVES Communication and technology access/usage Usage of communication device Mobile phone 74% 79% 93% Desktop/laptop /tablet 0.4% 8 % 31% 8% Internet 0.3% 7% 33% Very low penetration of internet or internet-based services in rural areas despite high mobile phone access 0.3% 27% 2% Landline 0.1% 8% 1% Fax 0% 2% Total Urban Rural 13

18 Planning for major future events and decision making 3.7 million (38%) adults expect a major event in the next 12 months Savings 41 % Sell something Rely on money from family and friends Borrow from the bank 1 % 22 % 32 % Borrow elsewhere Do not know Other 1 % 1 % 2 % Savings is the most popular anticipated mechanism for major events, but are people ACTUALLY saving? You have total control over how your money is spent Together with other people, you control how your money is spent 26 % 23 % 24 % 39% 34 % 37 % You have no control over how your money is spent 19 % 18 % 18 % Male Female Total 14 Do not know 16 % 21 % 25 %

19 FINANCIAL CAPABILITY Desired financial education and financial advice 6.2 million (62%) needed more information about managing money How to get a loan 54 % How to invest 51 % How to save Advantages or disadvantages, the terms and conditions What are the financial products available to you 22 % 21 % 46 % How to choose financial products How to use financial products How to budget Other (specify) Do not know 1 % 1 % 2 % 14 % 13 % Most adults require information in loans, investment and savings products which may explain the credit averse nature of Burkinabe adults Source of financial advice Not going anywhere for advice Someone else in the family or friend Your spouse(s) or partner Bank or other financial professionals Elderly person in your community Someone in your workplace or your employer Other 1 % 2 % 6% 10 % 14 % 31 % 44 % About two out of five adults do not go to anyone for financial advice while only 10% seek professional help 15

20 Defining financial inclusion by category Total adult population = 15 years and older in Burkina Faso FINANCIALLY INCLUDED have/use financial products and/or services formal and/or informal FINANCIALLY EXCLUDED do not have/use any financial products and/or services formal and/or informal FORMALLY SERVED have/use formal financial products and/or services provided by a financial institution (bank and/or non-bank) INFORMALLY SERVED have/use financial products and/or services which are not regulated BANKED have/use financial products/services provided by a bank regulated by the BCEAO SERVED BY OTHER FORMAL FINANCIAL INSTITUTIONS have/use financial products/services provided by regulated non-bank financial institutions 16

21 DEFINING FINANCIAL INCLUSION Formal is a category classifying products or services as regulated or supervised by a formal institution like the Central Bank of West African States (Banque Centrale des Etats de l Afrique de l Ouest) or any other formal regulator/agency. The penetration levels presented in FinScope reflect current ownership or usage of products/ services unless where specifically mentioned e.g. remittances. Hence, the penetrations of banks, MFIs or similar products may be under-reported due to the current usage or possession of the product/service. Duplicity may result in supply-side figures being inflated as FinScope reports on the number of adults rather than the number of accounts within or amongst the institution(s). Further, FinScope reveals access to products/services similar to active account usage for comparability to supplyside data. Overlaps Banked 2.9 % 1 % 9 % 4.6 % Other formal 13.5 % 8.8 % Consumers generally use a combination of financial products and services to meet their financial needs 3% of adults rely exclusively on banking services yet 14% rely exclusively on other formal mechanisms Informal 20.6 % Excluded 39.6 % Note: Due to rounding off numbers of Banked and Other formal the Excluded population is 39% 14% use a combination of banked, and/or other formal and/or informal mechanisms to manage their financial needs, thus indicating that their needs are not fully met by the formal sector alone One fifth of the adult population ONLY rely on informal mechanisms such as saving in livestock, solidarity systems to cover funeral risk 17

22 40 % 18 % 36 % 35 % 39 % Banked Formally served Other formal (non-bank) Informal Excluded 40% of adults are formally served, including both banked and other formal non-bank products/services 18% of adults are banked 36% of adults have/use other formal non-bank products/services 35% of adults have/use informal mechanisms for managing their finances 39% of adults are financially excluded Overall Financial Access Strand 18 % 22 % 21 % 39 % In constructing this strand, the overlaps in financial product/ services usage are removed, resulting in the following segments: Financially excluded adults, i.e. they do not use any financial products/services neither formal nor informal to manage their financial lives (39%) Adults who have/use informal mechanisms only but no formal products/services (21%) Adults who have/use other formal non-bank products/ services but NO commercial bank products (22%) they might also have/use informal mechanisms Adults who have/use commercial bank products/ services (18%) they might also have/use other formal and/or informal mechanisms 18 Banked Other formal (non-bank) Informal only Excluded

23 ACCESS STRANDS Access Strand by Location 9 % 20 % 46 % 20 % 6 % 44 % Rural Urban 25 % 30 % Access Strand by Gender Female 15 % 20 % 22 % 43 % Male 20 % 25 % 19 % 36 % Banked Other formal (non-bank) Informal only Excluded 19

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25 ACCESS STRANDS Country comparison of the Access Strand in Sub-Saharan Africa 18 % 22 % 21 % 39 % Burkina Faso % 27 % 15 % 40 % Togo % 24 % 12 % 52 % DRC % 42 % 21 % 11 % Rwanda % 43 % 16 % 27 % Tanzania % 13 % 21 % 41 % Zambia % 1 % 2 % 3 % Seychelles % 7 % 15 % 51 % Malawi % 17 % 30 % 41 % Madagascar % 3 % 2 % 10 % Mauritius % 39 % 8 % 23 % Zimbabwe % 18 % 8 % 24 % Botswana % 10 % 9 % 27 % Swaziland % 8 % 3 % 11 % South Africa 2016 Banked Other formal (non-bank) Informal only Excluded 21

26 Banking and MFI penetration How many adults are banked and using MFIs? Banked MFI (current) MFI (current & past) Number of adults currently using product in Burkina Faso 18% 16% 19% Number of adults not using product in Burkina Faso 82% 84% 81% 22

27 LANDSCAPE PRODUCTS Rural Urban 12% 6% 3% 6% 2% 5% 2% 5% 4% 2% 5% 6% 9.2% 43% 44.1% Banked (%) MFI (%) 38% Centre Hauts-bassins 13% 11% Boucle du Mouhoun Cascades 6% 4% 5% 5% 4% 3% 4% 2% 2% 4% Centre-est Centre-nord Centre-ouest Centre-sud Est Nord Plateau central Sahel Sud-ouest 9.4% 35.7% Banked adults are predominant in the Central region as well as adults served by MFIs There is a higher proportion of adults with bank products in urban areas than MFI products. The penetration of MFI products in rural areas is slightly higher than bank products 23

28 Banking What products/services are driving the banked? Current/ check account Savings account Debit card/ ATM Specialised savings/fixed term deposit Cellphone banking Personal loan Home loan 23 % 37 % 29 % 69 % 2 4 % 2 % 4 % % 55 % 51 % 74 % 25 % % of those currently banked using product Usage % (monthly or more frequent) 38 % 30 % Graph interpreted as: Of those currently using bank products/services, 38% have or use a current/check account with only 51% of them using their current/ check account monthly or more frequent Although cheque accounts drive the bank products, usage of bank products is driven by savings products such as savings accounts or fixed term deposit accounts 24

29 LANDSCAPE PRODUCTS MFI Bank and MFI access What products/services are driving MFIs? Savings account Current/ check account Equipment loan Specialised savings/fixed term deposit Cellphone banking Debit card/ ATM Personal loan 59 % % % 47 2 % % 72% 67 % % % % 1 % 15 % 47 % % of those currently using MFIs Usage % (monthly or more frequent) Graph interpreted as: Of those who currently use MFI products/services, 58% use MFI savings accounts with 47% of these using them monthly or more frequent 58 % 25

30 Savings and investments Informal is mainly driven by livestock Formal savings Banked Other formal (non-bank) Informal At home or secret place 9 % 14 % 15 % 19 % 31 % Savings Strand 9 % 10 % 26 % 6 % 49 % In constructing this strand, the overlaps in financial product/services usage are removed 49% of the Burkinabe were not saving at the time of the survey 6% keep all their savings at home, i.e. they do not have/ use formal or informal savings products or mechanisms 26% rely on informal mechanisms such as savings groups (they might also save at home, but they do not have/use any formal savings products) 10% have/use formal non-bank savings products (they might also have/use informal savings mechanisms, but they do not have/use savings products from a commercial bank) 9% have/use savings products from a commercial bank (they might also have/ use other formal and/or informal mechanisms, or save at home) 26 Banked Other formal (non-bank) Informal At home/secret place only Not saving

31 LANDSCAPE PRODUCTS Savings mechanisms (of those currently saving) Livestock Friends or family/ secret place Micro-finance institutions (all MFI savings products) Savings at bank (all bank savings products) National savings fund (CNE SONAPOST) Informal savings group 46 % 30 % 22 % 17 % 8 % 6 % 61 % 37 % 15 % 3 % 3 % 8 % RURAL 10 % 14 % 39 % 52 % 16 % 3 % URBAN Savings Strand by area type Rural 2 % 8 % 31 % 7 % 52 % 32 % 16 % 11 % 3 % 38 % Urban Banked Other formal (non-bank) Informal At home/secret place only Not borrowing 27

32 Borrowing and credit Formal credit Banked Other formal (non-bank) Informal Family/friends 2 % 2 % 2 % 3 % 4 % Credit Strand 2 % 2 % 2 % 3 % 91 % In constructing this strand, the overlaps in financial product/ services usage are removed 91% claimed not to borrow at the time of the survey, neither from friends/family nor from formal/informal financial services providers 3% borrow only from friends and family, i.e. these individuals do not have/use formal or informal credit/loan products or mechanisms 2% rely on informal mechanisms such as informal money- lenders (they do not have any formal financial credit/loan products, but they might also borrow from friends and family) 2% have/use credit/loan products from other formal (non- bank) institutions, but do not have credit/loan products from a bank (they could also use informal credit/loan products and/ or borrow from friends and family) 2% of adults have/use credit/ loan products from a commercial bank (however, they could also have other credit/loan products and/or borrow from friends and family but the defining characteristics are that they borrow from a bank) 28 Banked Other formal (non-bank) Informal Family/ friends only Not borrowing

33 LANDSCAPE PRODUCTS Borrowing mechanisms (of those currently borrowing) Borrow from family/friends Borrow from MFI Borrow from bank (all credit products from bank) Got goods in advance from shop/store for payment later Borrow from savings group Borrow from money lender 33 % 22 % 21 % 15 % 7 % 4 % 42 % 16 % 8 % 19 % 8 % 6 % RURAL 17 % 31 % 38 % 9 % 7 % 0.4 % URBAN Savings Strand by area type Rural 1 % 1 % 2 % 3 % 93 % 6 % 5 % 2 % 3 % 84 % Urban Banked Other formal (non-bank) Informal Family/ friends only Not borrowing 29

34 Insurance and risk management InsuredBanked Other formal (non-bank) Informal Insured indirectly 2 % 3 % 5 % 8 % Only 8% of adult Burkinabe have insurance 26% of Burkinabe adults experienced the loss of main income earner and 25% experienced drought, low rainfall, etc. Of those insured, the uptake of a motor insurance (35%), medical aid/health fund (21%), accidental or travel cover (12%) and solidarity system (8%), are the popular products driving insurance The main barriers to insurance uptake despite a majority of adults stating that they face risk is income related as well as awareness and literacy of the benefits or even knowledge of insurance. Of those without any mechanism covering risk, almost half (45%) believe there are other ways to cover risk other than insurance Insurance Strand 5 % 1 % 2 % 92 % 30 Insured Other formal (non-bank) Informal only Insured indirectly Not insured

35 LANDSCAPE PRODUCTS Remittances Formal remittances Mobile money Banked Other formal (non-bank) Informal Family/friends 2 % 3 % 12 % 17 % 17 % 16% of adults own mobile money services while 30% use mobile money services implying usage by non-registered adults Of those who use mobile money services (30%): 86% use it to remit 27% of adults received money while 18% sent money in the last 12 months More males sending money (20%) than females (16%) 43% transact through mobile money (pay utility bills, buy airtime, etc.) 10% use it to keep money 32% of adults remitted within Burkina Faso and 9% remitted abroad Remittances Strand 1 % 28 % 1 % 6 % 64 % Banked Other formal (non-bank) Informal Family/ friends only Do not remit 31

36 Mobile money Graph interpreted as: 48% of mobile money users reside in rural areas versus 52% in urban areas, while only 19% of the rural population uses mobile money versus 66% of the urban population using mobile money Rural Urban 19 % 66 % 48 % 52 % Female 26 % 41 % Male 34 % 59 % No income 15 % 12 % FCFA and below 21 % 27 % FCFA 39 % 14 % FCFA 56 % 15 % FCFA FCFA FCFA 63 % 4 % 84 % 6 % 90 % 5 % Use Mobile Money services (profile) % Use Mobile Money services (within group) % FCFA and above 3 % 86 % 32 Refused/do not know 57 % 13 %

37 LANDSCAPE PRODUCTS KEY RECOMMENDATIONS 1. Continued enabling regulatory environment and introduction of low cost no-frills accounts that are targeted at youth and the poor Transactional Commercialisation of farming to better improve the sector and participants livelihoods through value-chain approach at regional level Remittances 49 Insurance 10 Savings 74 Credit Mobile money as tool to increase reach of formal services with almost one in three adults using mobile money mainly to remit and transact, extending the service to carry other financial products can improve access to financial services 4. Savings is the biggest driver of financial inclusion in Burkina Faso largely driven by informal mechanisms and those with savings accounts exploration of actual savings through bank savings accounts should be undertaken Landscape of Access The Landscape of Access is used to illustrate the extent to which financially included individuals have/use financial products/services (excluding those borrowing from family/friends and those who save at home/hiding in secret place) 5. Insurance to better manage impact of risks - insurance is driven by motor vehicle insurance with very low life assurance and health care as well as agricultural/livestock insurance 6. Consumer education and financial literacy are real issues in Burkina Faso interaction with financial products like insurance is largely encumbered by financial illiteracy 33

38 Sahel Nord Centre-Nord Boucle du Mouhoun Centre Plateau Central Est Hauts-Bassins Centre -Ouest Centre -Sud Centre-Est Cascades Sud-Ouest The Central region (81%) is the most formally included region followed by the Hauts-bassin (50%). The Boucle du Mouhoun region has the highest proportion of adults with other formal (non-bank) products (35%) The Central region (14%) has the lowest excluded population proportion due to high formally included adults followed by the Sahel region (24%) being driven mainly by informal product uptake mainly being livestock savings 34 The highest excluded population proportion is in the East Central region (70%) closely followed by the Eastern region (68%) Formal credit uptake is higher in the Central region (12%) and Hauts-bassin (7%) while the Sahel region has the highest proportion of those borrowing informally (8%) Savings overall are higher in the Central and Sahel regions (72%) and South Central and Central Plateau regions (67%) driven by informal savings in livestock in all regions with exception to the Central region driven by bank savings

39 55 % 26 % 5 % 14 % Centre 22 % 28 % 15 % 35 % Hauts-bassins 19 % 29 % 13 % 39 % Sud-ouest 15 % 14 % 1 % 70 % Centre-est 12 % 32 % 14 % 42 % Cascades 11 % 11 % 9 % 35 % 12 % 12 % 68 % 42 % Boucle du Mouhoun Est 11 % 13 % 52 % 24 % Sahel 10 % 18 % 34 % 38 % Centre-ouest 8 % 24 % 40 % 28 % Centre-sud 8 % 20 % 27 % 45 % Nord 7 % 22 % 40 % 31 % Plateau central 4 % 21 % 29 % 46 % Centre-nord Banked Other formal (non-bank) Informal only Excluded 35

40 Tunisia Repeat cycle First cycle Potential first cycle Underway Egypt Pakistan India Nepal Myanmar Laos Burkina Faso Nigeria Ethiopia Thailand Cambodia Benin Togo Ghana Cote d Ivoire Cameroon DRC South Africa Zambia Lesotho Tanzania Namibia Zimbabwe Botswana Kenya Swaziland Mozambique Madagascar Uganda Mauritius Rwanda Burundi FinScope footprint FinScope Consumer Surveys have been completed in 29 countries including Burkina Faso. This allows for cross-country comparison regionally and sharing of findings which are key in assisting on-going growth and strengthening the development of financial markets. Surveys are currently underway in 7 countries 4 in SADC, 3 non-sadc. FinScope Burkina Faso 2016 contains a wealth of data based on a nationally representative sample of the adult population of the Burkinabe. For further information about FinScope Burkina Faso 2016 please contact: M. Karfa Fayama Permanent Secretary for Microfinance Promotion Tel: Dr Euphrasie Kouame euphrasie.kouame@uncdf.org Tel: Dr Kingstone Mutsonziwa kingstonem@finmark.org.za Mr Obert Maposa obertm@finmark.org.za Tel: Fax