Farmers in rural, agricultural areas of Burundi face a number of challenges unique to their remote location, including limited access to educational opportunities and financial exclusion:
40 percent of Burundian adults living in rural areas qualify as “illiterate*”
5.3 percent of Burundian farmers hold an account with a formal financial institution
Yet it is precisely among underserved communities that Turame Community Finance, HOPE’s microfinance institution in Burundi, seeks to work. Clients living in rural villages hold over 90 percent of Turame’s current outstanding loans.
Unlike a traditional bank, however, Turame’s mission goes beyond financial transactions, offering biblically based business training to its clients, and even to those who do not hold an account.
But Turame had a challenge: how to share robust stewardship training with those who may not only be accessing financial services for the first time, but may also have limited reading skills. Continue Reading…