Established in 2006, the Première Agence de Microfinance (PAMF) Burkina Faso operates through five branches located in the centre and the south of the country. PAMF disburses 90 percent of its loans from its four rural branches providing loans primarily for agricultural production, livestock, and storage and trading of agricultural produce. It offers group loans with bullet repayment, which is well-suited to the needs of rural clients. At the end of 2012, PAMF had over 11,000 active borrowers with a total outstanding loan portfolio worth US$ 2.6 million and more than 16,000 depositors with US$ 2.3 million in deposits.