MFI Information:

Federation des Caisses populaires du Burkina

Decent Work Area:

Formalization

Innovation:

Introduction of sensitization to on the benefits of formalization, combined with training on enterprise management and client incentives to formalize

Results:

Positive results on attitudes and behavior toward business management:

• Increase in number of clients separating their business accounts from their personal accounts
• Increased awareness on the importance of social protection (9% increase at the end of the innovation)
• Improvement in business management practices of 26%

Mixed results regarding registration status of enterprises:

• No impact on registration as formal enterprises but registration as “informal sector” entity have increased by 10%

Relevant links:

• 1 Page poster with summary of MF4DW intervention and MFI profile
• RCPB Burkina Faso : La formalisation des entreprises de l’informel: Une étude d’impact sur la Formation et la Sensibilisation à la formalisation des entreprises du secteur informel.