Tribute to Pascasie KANA, member of the Philea Board of Directors

15 September 2021

It is with great sadness that Philea recently learned about the death of one on its board of directors members, Ms Pascasie KANA, also member of the Cooperative since 1999, through the Organization of self-promotion support (OAP).


Financial inclusion for all. Crossed views Burkina Faso – Peru

July 15, 2021

EVENT FOLLOW UP – On the margin of its General Assembly 2021, the Philea Cooperative Society (Philea) suggested to its members and partners to attend the event « Financial Inclusion for All. Crossed views Burkina Faso – Peru », highlighting the two axes of Philea’s intervention strategy. Two continents, two countries, four collaborators and several million beneficiaries representing voices in the field and their accomplishments for an authentic sustainable development. Report on this generous exchange which proudly marks the 25 years anniversary of the Cooperative. Discovery!


Article available in french only

Gestion des liquidités en Afrique : comment relever les défis en temps de Covid-19

17 décembre 2020

En été 2020, Philea – à travers son Directeur général, Alain Vergeylen – a fait partie d’une équipe de consultants proposant de l’assistance technique à des Directeurs d’Institutions de microfinance (IMF) dans le but de mieux gérer la crise de la Covid-19 d’un point de vue économique et financier. Le projet intitulé « La gestion du risque de liquidité pour 50 IMF en Afrique » a été proposé par un consortium de bailleurs de fonds – Microfinance African Institutions Network (MAIN), Solidarité Internationale pour le Développement et l’Investissement (SIDI), le Fonds Européen de Financement Solidaire pour l’Afrique (FEFISOL) et la Fondation Grameen Crédit Agricole (FGCA) – afin d’accompagner leur bénéficiaire à faire face à ce choc aussi systémique, qui a notamment touché les échanges internationaux et trans-frontaliers. Alain Vergeylen partage son expérience. Découverte !


Article available in french only

Inclufin : le premier projet FGC de Philea

16 novembre 2020

Depuis septembre 2020, Philea a entamé un nouveau projet au Burkina Faso «Inclusion financière des femmes au Burkina Faso : vers une réduction de la pauvreté et une prospérité partagée» avec son partenaire local, l’International Recherches et Actions de Développement (I-RAD), grâce au financement de la Fédération genevoise de Coopération (FGC). Par la création de groupes d’épargne et d’un processus d’éducation financière, cette méthodologie, qui a déjà fait ses preuves dans la région, a pour but d’aider à l’autonomisation de femmes exclues du système financier traditionnel. Présentation !


Article available in french only

Le recueil des fiches pratiques de la PSA enfin disponible!

12 octobre 2020

Il est là! “Pratiques et défis de la souveraineté alimentaire dans la coopération internationale”, le recueil de fiches pratiques proposées par la Plateforme Souveraineté Alimentaire (PSA) de la Fédération genevoise de Coopération (FGC), est enfin disponible sur le site de la PSA en cliquant ici!


Article available in french only

Rapport d’activités 2019 : La Coopérative en pleine mutation

1er septembre 2020

Découvrez les moments forts de Philea en 2019 dans son Rapport d’activités “La Coopérative en pleine mutation”. Bonne lecture!

Rapport d’activités Philea. 2019 : La Coopérative en pleine mutation


Sharing experiences with COOPEFACSA, a model built to face the Nicaraguan crisis

13th of November 2019

INTERVIEW – For nearly 25 years, Philea’s mission has been to support its members in Latin America and Africa by providing financial and non-financial support. With 34% of our Cooperative’s portfolio invested in Nicaragua, the political crisis that created an unprecedented economic crisis in the country was countered by Cooperativa San Antonio (COOPEFACSA). Through the implementation of concrete actions to reassure its members, COOPEFACSA has obtained results that are admirable and that could lead to a financial education project to support our other members in the country. Feedback from Adela Baez, COOPEFACSA’s General Director and newly elected member of Philea’s Board of Directors, on the important points of her success.

In September, Philea interviewed Adela Baez, newly elected to Philea’s Board of Directors, to discuss the situation in Nicaragua and the success of the San Antonio Cooperative (COOPEFACSA) model.

A member since 2013, COOPEFACSA received its first credit in 2017 to help members of its community who have little or no access to financial services. In a country where the informal economy predominates, improving the capacities of everyone is essential to ensure long-term development. Through financial and economic inclusion, local beneficiaries have access to a formal financial system that allows them to develop their activity, especially reaching rural areas and supporting small farmers.

Embracing Philea’s values perfectly, COOPEFACSA has demonstrated through our collaboration the strong social impact it has, especially through the support it provides to its members.

It has recently demonstrated this quality by facing the political and economic pressures in Nicaragua. As Adela Báez points out in her interview, in the face of growing fears of final beneficiaries, insecurity in the financial system and professional instability, the Cooperative’s management has decided to transform these events into opportunities “in order to strengthen the foundations and values that have made the creation of the Cooperative possible”. It was observed, for example, that while there was a significant outflow of bank assets throughout the country (34% in traditional banks), COOPEFACSA only suffered from this event by 7%. Why?

Management quickly became aware of the negative consequences of the political crisis on the economy. “Financial stress accompanied by emotional stress has had an unfavourable impact on society as a whole, especially on employed people. To address these problems, COOPEFACSA has focused on transparency and communication. Aware of the need to “calm members’ concerns in the face of the avalanche of information in the media”, COOPEFACSA set up an information committee to collect all the information in the media in order to analyse and explain it. In addition, some members were offered financial capacity building as well as support to the management bodies. The aim of these different actions was to strengthen the capacities of different groups and individuals, as well as to see a cooperative organize itself as a group, thus going beyond simple financial logic. More flexible repayment plans were also developed with members who had the most difficulty repaying.

This is why COOPEFACSA is an example, above all thanks to its rapid reactivity and the innovative ideas proposed to support each of its members.

This story was therefore the trigger of a project: it is planned to prepare an exchange of experiences between this cooperative and the other members in the country. In Philea, we are committed to creating a network of solidarity while providing technical support to overcome this crisis with as few negative consequences as possible. As Adela Baez explains, “good management requires innovation, but also loyalty, empowerment and truly sustainable financing”.

This lesson is essential for all of us: solidarity among members allows those who encounter difficulties to be pushed upwards. This notion of ethics is what drives Philea today to wish to share this experience and the technical support with the help of COOPEFACSA and its dynamic director, Adela Baez.

The social and solidarity economy: feedback of the round table of May 21

July 8, 2019

On May 21st, Philea and IRED organized a round table about “The Social and Solidarity Economy: Realities, Impacts and Challenges. Sharing experiences between Burkina Faso, Burundi and Switzerland” to better understand the Social and Solidarity Economy (SSE) movement and to question about its objective: finding a balance between the environmental and economic social dimensions.


Financial inclusion in rural areas, or how to support agricultural producers

July 3, 2019

Extract from the 2018 Activity Report “The Year of Renewal”, Philea explains how financial inclusion, particularly in rural areas and among agricultural producers, is essential to lift people out of poverty.

COOPECAN, alpaca breeders’ cooperative – Peru


Activity Report 2018: The year of renewal

June 30, 2019

The new Activity Report proudly bearing the Philean colours is now available (French version)! Have a look!