The analysis that Cerise carried out to understand the final failure of the PPPCR (microfinance) in Burkina Faso constitutes a 61-page dossier. When we get to page 51, we discover this title :

" Growth has strengthened governance problems "

The (banking) centralization, which had come to replace what had worked well in the context of a " socializing " extension of the customary tribal structure, had not been the only cause of the failure of the Project for the Promotion of Small Rural Credit.

It was also the growth in the quantity of loans (offered for an interest rate of 26% !) that had unbalanced the entire project of aid to the poorest, and especially to Burkinabe women ... Why this growth ? Response from Cerise :
" The choice of growth was gradually imposed within the PPPCR at the beginning of the second phase of the project (1993), when the concerns of financial balance and sustainability were formalized.  ( Ibid., page 51)

That is to say, when it became desirable to move from an operation that was put at the service of micro-enterprises and women who assumed the responsibility of making them live and develop them, to the need, for the capital invested by the France (Caisse Nationale de Crédit Agricole and Agence française de développement) to become profitable, and to remain so... in a sustainable way.

Multiplying loans meant : having bank employees capable of doing a lot of work studying files, etc... and taking the place of volunteers who had exercised these functions by seeing it as a free participation in a work both charitable and politically oriented towards an increasingly conscious socialism of himself...

This new staff had to be paid in proportion to an increasingly heavy task, because, in the long term, more and more profitable for the owners of the sums invested that came to increase interest rates downright huge !

The initial model was therefore modified to result in what Cerise now describes to us:
" The ' model ' adopted, a direct credit system with a joint and several guarantee, with central management, and based heavily on salaried labour, generated in the Sahelian context with low population density, high transaction costs. The search for financial equilibrium was based on a combination of options : reduce costs, increase the productivity of labor per agent, increase the surface of the financial system to better amortize its fixed costs.  ( Ibid., page 51)

No more worrying about " poverty ", and allowing a system that presented the danger of success to continue, while relying on more or less ... tribal practices. The whole system that now constitutes the PPPCR must switch to the side of the exploitation of the human being by the human being, and respond to an accounting that can no longer be content to appear as an amateur's work ... It is therefore necessary real professionals who will go on the hunt for the good ones business within the informal economy itself. They will be able to brandish the examples of " success ", which they will of course neglect to say that originally, they were built on a relational system directly derived from the tribal structure and controlled by it within the framework of a manifestly socializing dynamism ... of maintaining a control of the workers on the conditions of exercise of their work...

Let us not lose sight of the fact that the PPPCR is only one model among others of what can be achieved by decentralized financial systems (DSFs), that is to say microfinance organizations that give themselves a " charitable " figure to be able to easily go fishing for the poor that we will soon Which consists in wisely paying very large interests from more or less miserable instruments of work which do not cost too much to international finance, but which it regards as the real future of a sub-Saharan Africa which it does not make, moreover, what to despise deeply...

Let's follow decentralized financial systems (DSFs) through what Cerise tells us:
" With the development of microfinance in Burkina Faso, competition between SFDs has intensified and stimulated land use strategies; these have been reinforced by the fact that competition between SFDs has variously integrated sustainability concerns, was often disloyal and occupying one territory before the others also became in these cases a measure considered beneficial to limit the problems to come (the " bad credits" chasing the good ones , the problems of cavalry between SFD, etc.)  ( Ibid., page 51)

We feel that we have just landed in a world of extreme violence... We must pass in front of others, walk on their feet, be always more disloyal than his neighbor ... who works for another SFD ... It is better to propose " bad credits"... since they manage to keep away the "bad credits "... since they manage to keep away the "  good "... and woe to the poor who will not be able to recognize the " good " who are, moreover, those who will exploit them in the best way !

In this world of tigers, the biggest are always right... By increasing the amount of loans it managed to place among the poor, the PPPCR could hope to stand up to other tigers who themselves tended to grow more than it did... the PPPCR enjoyed enormous support... the Caisse Nationale de Crédit Agricole... on condition that it showed it that it actually had very large teeth and very effective in devouring (26%) poor women in Burkina Faso. Let's read Cerise :
" A larger size could strengthen the institutional and financial negotiating capacity of the PPPCR (its resources being derived from the financial market, this was a strong argument that could influence interest rates for example; similarly , in the thorny negotiations on legal recognition under the PARMEC law [adopted in 1993 by the West African Monetary Union], the larger the FSD [Decentralized Financial System, Microfinance] was in size, the harder it became to dismiss it).  (Ibid., page 51)

We see it: all this – this terrible world of international finance – can only exist if any trace of socialism – and therefore of the management of workers' interests by workers – has totally disappeared... The lie must be able to produce all the destructive effects of which it is capable...

But, when lying can't really deceive workers, everything tends to self-destruct. This is what Cerise was able to see in the case of this PPPCR initiative, which we have seen, however, that it had been able to work as long as it had been based on the substance of tribal traditions, corrected in the right direction by the " Sankarist " experience.
" Basically, the strong pressure exerted by growth on credit agents, the incentives to increase labour productivity through quantitative performance evaluations, the fear of seeing unpaid debts arise and not being able to control them, have induced a feeling of insecurity, of unease, at the level of agents, limiting in fact the building of trust necessary for good governance.  ( Ibid., page 51)

We will now see that Cerise herself brings the confirmation of the virtues that can have this African socialism which is in gestation in the African tribal society of today, and which will be ever more so as soon as it knows how to escape the vile appetites of westerners...