Who are we ?
The “Faso Kuna-Wili” Fund (FKW) is a public establishment of the State classified in the category of National Funds. It is a National Financing Fund with legal personality, financial autonomy and enjoys public law prerogatives.
It was created by Decree No. 2023-1744/PRES-TRANS/PM/MEFP/MSJE of December 22, 2023 creating a national financing fund called the “Faso Kuna-Wili” Fund (FKW). The FKW Fund results from the absorption of the three (03) national financing funds of the Ministry in charge of employment, namely: the Support Fund for the Informal Sector (FASI), the Support Fund for the Promotion of Employment (FAPE) and the Support Fund for Youth Initiatives (FAIJ).
The creation of the FKW Fund is part of a context of economic and social resilience.
Its actions are oriented in the dynamics of increasing the supply of credit, intensifying actions to strengthen the capacities of promoters, monitoring and recovery of debts for the strengthening of its financial autonomy and the strengthening of governance through the implementation of optimal planning tools.
Word from the General Director
We live in a world where the question of employment remains one of the major problems facing states. Entrepreneurship is a key player in the absorption of populations seeking employment, for the economic and social development of states.
I am privileged to arrive in a position at the general management, at this delicate moment in the history of our country. I look far ahead, more determined than ever to write a new chapter with the funds of the Ministry of Sports, Youth and Employment. The merger of three funds from the said ministry is an action to be adapted, the offers to the demand, increasingly demanding from Burkinabe youth to access financing funds for their projects.
New Turning Point: Expanding Our Reach
The Faso Kuna Wili Fund is determined to initiate a new turning point, to show a new face of project finance with innovations. It is precisely these innovations that we put at the center of our mission, for the benefit of loan applicants.
This platform was created to stay in permanent contact with you, collect your opinions, so that together we can make our contribution to the socio-economic development of Burkina.
Professor Hamidou SAWADOGO
Our forms of support
Direct financing
Direct financing consists of financing the projects presented in accordance with the framework
of the “FKW” Fund and under the conditions set by the Fund. Several products are
available for this type of financing. It is :
1. The liberal young professional installation loan (PJPL)
2. The Young Talents Revealed Loan (PJTR)
3. The Fighting Women loan (PFB)
4. The community solidarity loan (PSC)
5. Young Trade Entrepreneurs Loans (PJEM)
6. The Youth Resilience Entrepreneurship Loan (PEJR)
7. The Informal Economy Support Loan (PAEI)
8. The Disabled Entrepreneurship Loan (PEH)
9. Entrepreneurship Credit Return of the Diaspora (CERD)
Market prefinancing
Market prefinancing consists of granting part of the funds necessary to the completion of a private or public market under the conditions set by the Fund.
Financing studies and professional training
This type of financing is made up of a single product:
The Inter-African Professions Preparation Loan (PPPIA)
This type of credit is set up to finance students and/or
professionals who have passed an admission test to the “major schoools”.
In addition to access to these major schools, the PPPIA is made available to those admitted on title of possible residents of training schools for notaries, lawyers, doctors and nurses in specialization, accountants, engineers in IT, bilingual executive assistants, banking and financial engineers finance, etc., within the annual limit of the envelope allocated for this purpose and following the
conditions of the FKW.
Co-financing
Co-financing is a partnership agreement between the “FKW” Fund and another structure to jointly finance a project of interest whose borrowing is above the ceiling granted by the Fund. This form of financing involves both parties finding common ground in anticipation of risks and a guarantee required.
Frequently asked questions
What is the Faso Kuna-Wili Fund?
The “Faso Kuna-Wili” Fund (FKW) is a public establishment of the State classified in the category of National Funds. It is a National Financing Fund with legal personality, financial autonomy and enjoys public law prerogatives. It was created by Decree No. 2023 1744/PRES-TRANS/PM/MEFP/MSJE of December 22, 2023 creating a national financing fund called the “Faso Kuna-Wili” Fund (FKW). The FKW Fund results from the absorption of the three (03) national financing funds of the Ministry in charge of employment, namely: the Support Fund for the Informal Sector (FASI), the Support Fund for the Promotion of Employment (FAPE) and the Support Fund for Youth Initiatives (FAIJ).
What types of projects are eligible for FKW funding?
The sectors of intervention of the “FKW” Fund are:
– agro-sylvo-pastoral activities;
– crafts;
– processing of local products;
– provision of services;
– trade;
– transportation ;
– buildings and public works.
In addition to these sectors of activity, the FKW Fund provides support to students and/or
to professionals who have passed an admission test to the Grandes Inter-African schools.
How can I submit my application for FKW funding?
Any natural person of nationality can have access to credit from the “FKW” Fund.
Burkinabè or any legal entity under Burkinabè law meeting the conditions
following:
– present a viable project that falls within the areas of activity of the “FKW” Fund
and making it possible to meet the repayments of the installments of the requested loan;
– be at least 15 years old and at most 64 years old;
– enjoy one’s moral and civic abilities;
– have a personal contribution of 10% to 30% of the total cost of the project depending on the amount
credit (10% for credits between 2,000,000 and 10,000,000 FCFA, 20%
for credits greater than 10,000,000 FCFA and less than or equal to 20,000,000
FCFA and 30% for loans above 20,000,000 FCFA);
– have solid authorized guarantees whose current value is estimated at at least
100% of the amount requested;
– present a water bill if applicable and a description of the geographical location of the
activity site;
– agree to formalize requests reaching 5,000,000 FCFA (for
commercial activities);
– participate in training sessions offered by the “FKW” Fund;
– accept monitoring and advisory support from the “FKW” Fund;
– have no current credit with other financing institutions;
– present a letter of admission to the Grandes Inter-African Schools in the case of
students.
What financing conditions does FKW offer?
The credits granted by the “FKW” Fund are set as follows:
– minimum amount: 200,000 FCFA;
– ceiling amount: 30,000,000 FCFA.
The amounts awarded are determined at the end of the study of the file by the authority
empowered.
However, credit granting authorities are authorized to grant credits
less than two hundred thousand (200,000) FCFA, if necessary.
The interest rates charged by the “FKW” Fund depend on the sector of activity and
are presented as indicated in the following table:
Interest rates of the “FKW” Fund by sector of activity:
– Agro-sylvo-
pastoral, Crafts,
Transformation of local products: 6%
– Commerce, Provision of services, Transport, Construction, Etc: 8%
– Projects for disabled people: 4%
Indifferently
of the sector
of activities
– Financing of studies and professional training: 5%
Who to contact for more information about FKW?
To contact the Faso Kuna Wili fund, you can call the telephone number +226 25 30 00 64 or send an email to infos@fasokuna-wili.bf. You can also contact our regional offices in the following regions:
– Eastern Region
– Boucle du Mouhoun region
– Cascades region
– Hauts-bassins region
– Central-Eastern Region
– North Central Region
– Central-West Region
– South-Central Region
– Northern Region
– Plateau region
– Sahel region
– South West Region