Farmer bank, farmer terms
The search for financial services tailored to the needs of, and controlled by, rural people led the National Federation of Naam Groups to set up their own savings and loans institution in 1992 – the Baoré Tradition d’Epargne et de Crédit (BTEC).
BTEC was inspired by the traditional community-based village bank. After a difficult start, as of late 2010 BTEC began a process of transforming into a professional network. The key challenge for the BTEC Network has always been to reconcile growth and its social purpose.