2023 European Microfinance Award

Inclusive Finance for Food Security & Nutrition

Congratulations to YIKRI, winner of the 2023 European Microfinance Award

The Winner and runners-up of the 2023 European Microfinance Award

After a selection process that reviewed applications from 41 organisations in 25 countries, Yikri won the 2023 European Microfinance Award of €100,000 for its commitment to addressing the complex challenging of food security and nutrition in Burkina Faso.

Yikri is an MFI in Burkina Faso, a country with among the highest global levels of food insecurity as well as long-term socio-political violence. Yikri offers group-based financial services alongside education on financial literacy, health and nutrition, and agricultural practices. Yikri field officers are trained to recognise the warning signs of malnutrition in mothers and children and refer clients to associations offering subsidized milk programs. Yikri has a subsidised agricultural loan accompained by training on sustainable agri-practices, inlcuding increasing crop production while reducing environmental impacts, and has started "field schools" to demonstrate recommended farming practices, as well as value chain training that connects farmers with input suppliers and buyers.

The other two finalists, Fortune Credit Limited (Kenya) and Fundación Génesis Empresarial (Guatemala) each received €10,000.

© Art work by Joe Cummings / European Microfinance Award