PlaNet Finance and the United Nations Development Programme Launch the Programme...

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Feb 2007
Burkina Faso, February, 21 2007 - French-based PlaNet Finance, umbrella organization of the PlaNet Microfinance Fund, has teamed up with the United Nations Development Programme (UNDP) to launch the Programme for the Support of the Associates and Communities struggling against HIV/AIDS (PAMAC). The program, whose goal is to provide guarantee funds to people with HIV/AIDS, began in January of 2007 in Burkina Faso, a West African landlocked nation with a population of 13.2 mn, 2.3 percent of which are infected with AIDS.

Implementation of microfinance guarantee funds for people infected with HIV/AIDS

In Burkina Faso, PlaNet Finance and the UNDP have teamed up and launch the Programme for the Support of the Associations and Communities struggling against HIV/AIDS (known as PAMAC in France) in order to help deprived people.

PlaNet Finance has taken part to a pilot project in Burkina Faso, whose goal is to provide guarantee funds to people infected with HIV/AIDS.

Burkina Faso is a landlocked nation in West Africa with 13 228 000 inhabitants. Its level of economic development is low and according to the UN/AIDS, 2,3 % of its population is infected with the disease.

The main goal of the programme carried out by PlaNet Finance in partnership with the PAMAC and the UNDP is to implement, from January to August 2007, an appropriate structure enabling people infected with HIV/AIDS to carry out income generating activities so that they could finance medical expenses for them or for their family, though a vast number of organizations (credit unions, NGOs providing loans…) are still reluctant to finance such projects.

PlaNet Finance will provide its technical expertise to implement and manage the guarantee funds that will serve to support thanks to microcredit, people infected with HIV/AIDS, their family (widows and orphans) as well as the associations/NGOs members of the PAMAC and supporting them.

Through this programme, all three partners would like to show that guarantee funds, if properly managed, can improve the living conditions of the most deprived people.



 

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