Agricultural and Rural Finance in Mali (FARM)
Cooperative Development Organisation
Implementing Partners and Organisations
Period of Implementation
Geographic scope
Africa: Mali
Budget
Donor(s)
Bilateral Aid: Global Affairs Canada
Sector(s)
Type of Activity
Summary
Results as of June 30, 2021 (end of project) 1) Nearly 27,000 agricultural loans were granted, 52% to women, totaling near USD9 million 2) 5,034 jobs were created as a result of the loans received 3) 3 new credit products tailored to women were developed 4) Employees of 6 financial institutions received skills development training 5) More than 2,000 women participated in training and awareness activities 6) Financial protection mechanisms were improved for farmers and financial institutions: 7) 3 crop insurance products (rice, corn and onions) are now offered 8) A loan guarantee fund was deployed for participating institutions 9) An environmental and social risk management system was set up at various institutions
Project Objectives
The goal of the FARM project was to set up an agricultural and agri-food financing system to improve access to agricultural credit and stimulate entrepreneurship and job growth in the agri-food sector.
Impact on SDGs
Direct beneficiaries
Organisations: 6