Mise en place d’un système de crowdfunding pour le financement des projets des jeunes diplômés au Mali (Revue Internationale de la Recherche Scientifique (Revue-IRS))

Summary

• Youth graduate unemployment in Mali is estimated at nearly 19.7 %, while traditional financial institutions demand collateral that young entrepreneurs cannot provide.p.2
• Mali exhibits a low banking penetration rate of 21 % according to BCEAO data from 2023.p.4
• A secured platform was cited by 85 % of respondents as a key condition fostering crowdfunding adoption, followed by guaranteed transparency at 80 %.p.10
• More than 35 % of higher education graduates in Mali remain unemployed one year after completing their studies.p.11
• The proposed CROWDFUND-MALI solidarity framework targets initial funding of 5 to 10 million FCFA per project for groups of 5 to 10 graduates, with zero-interest reimbursement over 3 to 5 years.p.13

Key insights

1. Traditional banking constraints and collateral requirements severely restrict young graduates from creating businesses in Mali.p.2
2. Crowdfunding adoption in Mali depends on four interrelated pillars: institutional/regulatory framework, technology, education, and social capital/trust.p.5
3. Qualitative interviews with 30 institutional actors and experts identified a lack of specific regulation, low digital trust, and infrastructure limits as core hurdles.p.10
4. Support and monitoring (78 %) along with training and awareness (72 %) are vital drivers to encourage crowdfunding participation.p.10
5. The CROWDFUND-MALI model mobilizes parental contributions of 25,000 to 50,000 FCFA and voluntary worker contributions of 1 % of net salary.p.13
6. The 5-year expected impact includes integrating +10,000 young graduates across 1,000 collective micro-enterprises and reinvesting 80 % of recovered funds.p.14