Solidarity Fund for Development (SOFDEV) is a community owned and managed micro-finance model designed to mobilize community financial resources and redistribute the same as micro-credits. The model was developed by Inades Formation at the general secretariat to address the issue of financial access among rural communities.

With Inades-Formation Kenya discover the success of Inades-Formation in the field of community microfinance. Read more here

The Solidarity and Development Fund (Sofdev) are community microfinance organizations that provide community-based financial services to people excluded from mainstream financial services.  Inades-Formation Burkina supports 06 Fonsdev, including that of Soukuy.


The Sofdev of Soukuy is an adventure that has been going on since 2004.

The Solidarity and Development Fund of Soukuy, located in the Boucle du Mouhoun region in Burkina, was established in 2004 and became operational in November 2005.

It has 12 villages and 537 members, including 120 women, 370 men and 47 associations totaling 1,551 members and bringing the total number of beneficiaries to 2,041.

It is governed by a general assembly and a 12-member management committee.

The Sofdev of Soukuy offers 3 types of savings: solidarity savings, term savings and sight savings. The types of credit offered are productive and social credits.

As far as activities are concerned, the Sofdev of Soukuy regularly organizes its General Assembly, holds its management committee meetings, collects the savings of members, grants loans and monitors their repayment, and pursues warrantage activities. The logbooks for the various funds and the record book are filled out correctly.

A major player in the economic and social recovery of households

The Sofdev of Soukuy plays an important role in the fight against poverty in its area. Indeed, the products it offers, namely the various types of savings and loans, adapted to the financial capacities of its members, allow them to secure their savings on the one hand, fostering discipline in the use of incomes. On the other hand, the credit available to households enables them to make investments, such as purchasing agricultural inputs, paying for the labor required for agricultural activities, initiating or strengthening stockfarming activities, fattening or small business activities. This contributes to increasing households’ incomes.

In addition, access to social credit enables households to respond effectively to urgent health needs, to pay for their children’s education or social ceremonies.

All the services available to households contribute to meeting their basic social needs in terms of health, nutrition and education for children.

In 2017, the Sofdev of Soukuy collected savings in the amount of CFAF 26,112,590 and granted loans to 77 members for a total amount of CFAF 5,668,760.

Inades-Formation Burkina and the support toward the professionalization of the Sofdev

In 2017, in its supporting role, Inades-Formation Burkina got involved in the drawing up of the annual financial statements, organizational diagnosis, organization, follow-up and advice and the holding of a reflection workshop on strategies for preventing, managing and controlling non-payments, followed by the development of an action plan.

For the coming years, Inades-Formation intends to place particular emphasis on monitoring the strategy for preventing, managing and controlling unpaid loans through the training of the Management Committee (COGES) members in the proper management of credit files and the follow-up of the action plan on the strategy to combat unpaid debts. The members of the COGES will be trained in computer science to facilitate their introduction to the use of the Sofdev management software developed by Inades-Formation.

Adama Soulama , Chargé de programme Financement endogène du monde rural

The official launching of Fonsdev Bumba’s activities took place on 14/11/2009, as part of the “project to strengthen the socio-economic capacity of the peasants of the territory of Bumba”, financed by AECID / ALBOAN. Initially, more than 250 solidarity members mobilized solidarity savings of more than $ 5,000, thus constituting the social capital of their Fonsdev. This has allowed Fonsdev Bumba to start granting credits to those who need it.

The activity of tontine savings was launched in Bumba in January 2010. The work began with the feasibility study, the identification and awareness of neighborhoods with high economic activity that constitute areas of collection of savings tontine. The promoters were trained and they began to go to these identified areas to interest the sellers of the displays, the shops, the sellers of the empty bags, the shoemakers … to accept to join the tontine. As soon as the person has agreed to spare, the promoter goes to him daily to recover his bet. There it fills, signs or codifies the card following the putting of the member. She then handed the card to the owner (tontine member). It also fills in the payment slip, returns the slip to the Supervisor for verification and pays the collected amounts to the Fonsdev fund.

Before withdrawing the money saved at the end of the month, the member must bring his / her card with the supervisor. The supervisor receives from the promoter the list of members of the tontine savings for the month in question. It controls the bets of the card in relation to the amount that is in the slip. He looks at the card if the promoter has validated it by a mention, endorsed and signed the last square of the card presented. It compares the totals of the payment slips to the cash register and the end-of-month list to draw the difference if there is one and to harmonize with the promoter the list in relation to the vouchers. It is after all these checks that the supervisor pays and returns the card to the cashier. The credit union pays the amount to the investor and a daily deposit is retained by the fund. The paid card is kept in the caisse’s archives.

As of April 2010, the activity of tontine savings began to expand markedly by the increase in the number of members and promoters, as well as by the granting of tontine credits and the daily wage Of savers which currently fluctuates between 500 FC to 40.000FC, whereas it varied between 100 FC to 500 FC at the beginning.

To date, the Fonsdev Bumba has more than 1500 tontinier members who have saved more than $ 81,000. Fonsdev Bumba recruited 12 promoters (including 10 women) and a supervisor for supervision and daily follow-up of promoters, since tontine is a high-risk product. The Fonsdev Bumba has also granted tontine credits to more than 500 tontinier members for a value of more than $ 54,000.

Thanks to tontine savings, the culture of savings spread to the city of Bumba, and attendance at Fonsdev Bumba increased.

With access to tontine credits, the poorest people increase and diversify their income-generating activities and have the capacity to provide for their households.