Design and Implementation of an Educational Savings Program for Low-income Families in Burkina Faso

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研究生：	南輝飛 NACANABO Wendsongda Wilfried Hilias
論文名稱：	Design and Implementation of an Educational Savings Program for Low-income Families in Burkina Faso
指導教授：	林哲群 LIN, Che-Chun
口試委員:	張焯然 Pr Chang 楊屯山 Pr Yang
學位類別：	碩士 Master
系所名稱：	科技管理學院 - 國際專業管理碩士班 International Master of Business Administration(IMBA)
論文出版年：	2013
畢業學年度：	101
語文別：	英文
論文頁數：	57
中文關鍵詞：	小額信貸、低收入人士、教育儲蓄計劃、布基納法索、高等教育、教育儲蓄賬戶
外文關鍵詞：	Microfinance, Low Income People, Educational Savings Program, Burkina Faso, Higher Education, Educational Savings Account
相關次數：	點閱：3 下載：0
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In his book Banker to the Poor: Micro-Lending and the Battle against World Poverty, Muhammad Yunus, a Microfinance pioneer wrote: “I never intended myself to be a banker”. In 2006 he received the Nobel Peace Prize for his achievements through the Grameen Banks to alleviate global poverty. Today, Microfinance is used around the world and helps poor people to find a source of revenue through some small loans they get. In a world where the banks only deal with qualified people, Microfinance Institutions strongly contribute to letting low-income people feel themselves as a part of the financial system. In Burkina Faso for instance, microfinance is used by the authorities to heighten the banking rate and to promote savings habits among low-income populations. Through this work, we took advantage of the microfinance success in Burkina Faso to propose an education savings program for the low-income families. Burkina Faso is one of the countries with the lowest education rate. The enrolment rate in the higher education represents only 3.5% of the college age population. Although some local banks and insurance companies have proposed some education-related financial services to ensure greater market penetration and help parents finance their children’s education, these services are not affordable for the low-income people. They (services) only profit people qualified to use the banking services. To tackle the problem, we suggested the Micro Educational Savings Account (MESA) which is an education savings account more suitable for low-income people who are the majority in Burkina Faso. Beside the target market, the MESA project also contributes to:
 Promoting savings habits in the low-income population in Burkina Faso
 Helping the relevant authorities to stimulate academic excellence through the government financial assistance granted to the subscribers on the basis of their children’s (beneficiaries) academic results.
The MESA project is the first education savings program designed for low-income families in Burkina Faso. Its implementation involves Microfinance Institutions and the government because the MESA is a project of national interests. Our simulations have produced lower estimated required monthly payments than those required by the existing services. To ensure greater penetration in the target market and make the MESA project a success, we made diverse recommendations regarding its implementation.

EXECUTIVE SUMMARY    ii
DEDICATION    iv
ACKNOWLEDGEMENT    v
TABLE OF CONTENTS    vi
LIST OF TABLES    ix
LIST OF FIGURES    x
CHAPTER 1: GENERAL INTRODUCTION    1
I)    INTRODUCTION    1
II)    CONCEPTS AND DEFINITIONS    4
1)    MICROFINANCE INSTITUTIONS (MFIs)    4
2)    EDUCATIONAL SAVINGS ACCOUNT    5
3)    MICRO EDUCATIONAL SAVINGS ACCOUNT (MESA)    5
III)    MOTIVATIONS    6
1)    THE DEVELOPMENT OF MICROFINANCE INSTITUTIONS    6
2)    THE LOW EDUCATION RATE    7
IV)    BACKGROUND AND CONTRIBUTION OF THE MESA PROJECT    8
CHAPTER 2: LITTERATURE REVIEW    11
CHAPTER 3: THE FINANCIAL SYSTEM OF BURKINA FASO    15
I)    PRESENTATION OF THE SECTOR    15
II)    THE BANKING SECTOR    17
III)    THE BANKS PENETRATION    18
IV)    THE INSURANCE COMPANIES    19
V)    THE MICROFINANCE SECTOR    19
1)    THE MUTUAL INSTITUTIONS OR MEMBERSHIP-BASED COOPERATIVE FINANCIAL INSTITUTIONS    20
2)    THE NGO MICROFINANCE INSTITUTIONS    20
3)    MICROFINANCE BANKS    20
VI)    PRODUCTS OFFERED IN THE MICROFINANCE SECTOR    21
1)    SAVINGS ACCOUNT    21
2)    LOANS    21
3)    OTHER SERVICES    21
VII)    THE OTHER ACTORS OF THE FINANCIAL SYSTEM    22
1)    POSTAL SERVICES PROVIDERS    22
2)    NATIONAL FUNDS FOR ECONOMIC AND SOCIAL DEVELOPMENT    22
VIII)    THE INFORMAL SECTOR    23
PARTIAL CONCLUSION    24
CHAPTER 4: THE MICRO EDUCATIONAL SAVINGS ACCOUNT (MESA) PROJECT    25
I)    PROBLEMATICS    25
II)    INVENTORY OF FIXTURES    25
III)    TOP PRIORITIES    26
IV)    PRESENTATION OF THE MICRO EDUCATIONAL SAVINGS ACCOUNT (MESA)    27
V)    THE FUNCTIONING OF THE MESA PROJECT    28
1)    THE SUBSCRIPTION    28
2)    THE MONTHLY PAYMENTS    29
3)    THE WITHDRAWALS PATTERNS    29
VI)    ARE LOW-INCOME PEOPLE QUALIFIED FOR THE MESA PROJECT?    30
1)    THE SET OF MFIs    30
2)    THE NOTION OF “RELATIVE EXCLUSION”    31
3)    THE NOTION OF “ABSOLUTE EXCLUSION”    31
VII)    THE INVOLVEMENT OF THE RELEVANT EDUCATION AUTHORITIES    31
VIII)    STRATGIES AND EXPECTATIONS    32
PARTIAL CONCLUSION    33
CHAPTER 5:  RESEARCH METHODOLOGY    34
I)    COLLECTION OF DATA    34
1)    COLLEGE COSTS    34
2)    INFLATION RATES    36
3)    DEPOSIT INTEREST RATES    37
II)    SIMULATIONS AND HYPOTHESES    37
1)    SIMULATIONS    37
2)    SIMULATIONS HYPOTHESES    39
CHAPTER7: RESULTS DISCUSSIONS AND SUGGESTIONS    40
A)    RESULTS AND FINDINGS    40
I)    SIMULATIONS INPUTS    40
II)    SIMULATIONS OUTPUTS    45
B)    RESULTS ANALYSIS AND RECOMMENDATIONS    46
I)    RESULTS ANALYSIS    46
II)    RECOMMENDATIONS AND STRATEGIES    47
CHAPTER 8: GENERAL CONCLUSION    51
LIST OF REFERENCES    56








                                

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