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Celebrating 5 years of FAFCI

Celebrating 5 years of FAFCI
The First Lady, Dominique Ouattara has announced an additional financing of 10 billion CFA francs.
The First Lady, Dominique Ouattara has announced an additional financing of 10 billion CFA francs.
The First Lady, Dominique Ouattara has announced an additional financing of 10 billion CFA francs.

The Women's Support Fund (FAFCI), a  program set up by Mrs. Dominique Ouattara, First Lady of Côte d'Ivoire, to finance women's micro-projects is 5 years old.

Mrs. Dominique Ouattara, who initiated  this program, decided to celebrate with more than 2,000 women beneficiaries of the fund on Friday, September 29, 2017 at Espace Latrille Event Deux Plateaux.

Its was an opportunity for all participants to acknowledge the dynamism and impact of this fund on women who received it.

Today, more than 122,000 women across the country have benefited from the fund. A satisfactory record that was welcomed by the First Lady, Dominique Ouattara and all participants attending the celebration. And as is the tradition, the beneficiaries of the FAFCI and the First Lady, Dominique Ouattara exchanged gifts.

The women of FAFCI offered twenty (20) african clothes to their charitable personality. In return, Mrs. Dominique Ouattara offered six (06) million CFA francs to them and the populations.

Taking advantage of this platform, the First Lady Dominique Ouattara announced the increase of the capital of FAFCI. She also revealed that the fund will go from 8.5 billion to 10 billion CFA francs. The information was  hailed by all women and officials. " The FAFCI was created from a start-up fund of one billion FCFA, it is today endowed with a capital of 8.5 billion FCFA. In this regard, I would like to announce that the President of the Republic has decided to increase the capital by 1.5 billion CFAF, which  brings the total amount to 10 billion FCFA. (...)

After five years of operation, we were able to distribute 15 billion 300 million FCFA and finance 122,000 women throughout the country. ", She said.

The increase in the fund's capital will reach more women. According to Mrs. Dominique Ouattara, 25,000 women from  the District of Abidjan received 3.7 billion CFA francs and, 97,000 women within the country received 11.6 billion CFA francs to undertake an income-generating activity. In order to cover the whole country, two (02) new microfinance have been integrated into the program. These are Hortensia Finances and the Compagnie Africaine de Crédits (CAC).

"In order to be able to respond adequately to the strong national demand, we have integrated two new microfinance partners, in addition to UNACOOPEC and GESCI, which are Hortensia Finances and the Compagnie Africaine de Crédit (CAC)," said Dominique Ouattara. She ended by reiterating her confidence and that of President Alassane Ouattara in the capacity of women to fight against poverty. "You are essential to the stability of our society. Indeed, in your respective families, you contribute to household income, sometimes you are the only one feeding your children and taking care of many people. You often work in the informal sector, holding small businesses to provide for your children, at the cost of many sacrifices and deprivations. President Alassane OUATTARA believes in you, for you have great potential "she said.

Prof. Koné Mariatou, Minister of Women, Child Protection and Solidarity, on behalf of the Government, praised the dynamism and effectiveness of this program in the fight against poverty of women. In this regard, she thanked President Alassane Ouattara and First Lady Dominique Ouattara for their commitment to serving women. Mrs Koné Mariatou recalled that since the election of President Alassane Ouattara, Côte d'Ivoire has ratified all conventions aimed at promoting women's rights. She also argued that the FAFCI represents today, one of the essential pillars to ensure women's rights and empowerment. "Thanks to the FAFCI, the women of Côte d'Ivoire are more dynamic and accomplished. (...)

Great is my joy to see that the FAFCI has changed your lives. The First Lady has trusted and honored you. Please make every effort to both merit and maintain her trust and thereby not break  the chain of solidarity that exists, "she advised the beneficiaries.

Mr N'Gouan Aka, Mayor of Cocody, for his part, thanked the commitment of the First Lady for the cause of the people. According to him, this commitment is globally recognized and praised. He concluded by thanking her for the financial support she provides to women through the  FAFCI.

Mrs. Yao Patricia Sylvie, Chief of Staff to the First Lady, presented the fund and revealed that 63% of the women who benefited from the FAFCI operate in retail sector, 22, 12% are in agriculture, 8, 45% are in crafts sector, 3, 92% are in the restoration and 1.61% in the livestock sector. She ended by wishing an increase in the fund to ensure the involvement of women in the emergence of the country in 2020.

Several women beneficiaries of the fund shared their experience with the public. The event also witnessed the participation of several artists including Affou Keïta, JC Pluriel, Anselme Semi and Joël.

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