Gender Equality Trouble accessing financing in the countries where SOCODEVI operates is a major issue, especially for small business initiatives led by individuals. The barriers are even greater for women-owned businesses. SOCODEVI led this project in Côte d’Ivoire to provide merchants with access to credit through the MUCREFAB credit union.
MUCREFAB granted its female members small loans so they could get equipment to transport and sell their products. The income from their businesses helps better their families’ living conditions, including improving the diet and health of children and youth.
MUCREFAB was founded in 1994 and received technical, organizational and financial support from SOCODEVI for several years. The support and financial education that MUCREFAB’s female members received has enabled them to continue doing business, even though SOCODEVI no longer works with the credit union. It’s a great example of a long-lasting, successful project that has helped empower women!
Discover the project's positive impact on the quality of life of women in Côte d'Ivoire
Watch the video (in french)Results
+ 24 000
Ivorian women are now entrepreneurs
with a solid reputation in their communities
9
Mutual savings and credit
associations in various regions of Côte d'Ivoire
More
stores owned
by female members
More
exported
goods
Significant increase
in loans granted
to merchants
+$4.5 milion
CAD IN DEPOSITS
FROM FEMALE MEMBERS
“MUCREFAB gave me access to credit. This credit is why my goods are now delivered by truck, and it’s thanks to my cassava business that I can take care of my children. MUCREFAB enabled me to pay for my children’s schooling. It really helped me a lot.”
Djouka Angele, merchant and member of MUCREFAB
Côte d'Ivoire
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