A specially constituted committee made up of 5 business-savvy members of the Evangelical Mennonite Church of Burkina Faso (EEMBF) and Bruce Yoder with MMN launched its first micro loans program by granting small loans ranging from $100 to $1000 to 47 EEMBF members on November 23, 2013. The beneficiaries, who are based in 9 different local congregations of the EEMBF, have one year to repay the loans, along with a 7% interest charge that will help to cover administrative costs of the program. Mme. Simone Ouedraogo, an EEMBF member based in Orodara who is an experienced business woman, has given herself as a volunteer to receive loan payments and offer counsel to loan recipients.
The micro loans project has been made possibly by gifts of $10,000 (cdn) from the Project Builders organization, an arm of the Evangelical Mennonite Conference, and $6,000 (cdn) from Mennonite Church Canada.