Document Type


Publication Date



Social Science Research Network (SSRN)


We summarize lessons learned by a credit program for women in Burkina Faso. Three observations are made regarding program design: 1) high membership turnover means mutual guarantee groups should be smaller and more central to non-repayment penalties; 2) high turnover in economic activities implies more training in best practices and more variety and experimentation in credit and savings mechanisms; and 3) high degrees of stocking activity suggests the need to develop instruments to mitigate commodity price risk at the individual and program level. Three observations are made regarding program implementation: 1) be more consistent in the treatment of debts of deceased borrowers; 2) become more sensitive to the complexity and variety of procedures followed in the event of non-repayment; and 3) devote more attention to preventing and mitigating the effects of staff embezzlement.

Included in

Economics Commons



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.