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FARM (Agricultural and Rural Finance in Mali)

FARM_DID
Credit: DID

Implementing Partners and Organisations

DID

Period of Implementation

January 2015 - March 2023

Geographic scope

Africa: Mali

Budget

$ 13,388,948
€ 12 751 379

Donor(s)

Bilateral Aid: Global Affairs Canada (GAC)

Sector(s)

Agriculture & Fisheries, Banking & Financial Services, Insurance

Type of Activity

Budget support (Grants or Direct Financing), Governance and Organizational Strengthening, Institutional Building and Policy Dialogue, Technical Assistance & Advisory, Value Chains / Socioeconomic Circuits

Summary

The ultimate outcome of the FARM project is "Increased productivity of the agricultural sector in Mali for the regions of Koulikoro, Sikasso and Segou and the district of Bamako". To achieve this result, the DID-SOCODEVI team has implemented an agricultural financing strategy based on i) the professionalisation of financial and insurance institutions for prudent and concerted action ii) a loan guarantee program to encourage the participation of financial institutions in agricultural financing, and iii) a crop insurance program to avoid decapitalization among agricultural producers. By developing a secure financial services offer, access to agricultural credit has been improved, and agricultural entrepreneurship and job creation in the agri-food sector have been stimulated. 

Project Objectives

To enhance the offer of financial services and risk management approaches for agricultural producers in Mali. 

Impact on SDGs

SDG2 - Zero Hunger
SDG5 - Gender Equality
SDG8 - Decent Work and Economic Growth
SDG13 - Climate Action

Main Indicators

1) Percentage of growth of farmers accessing to a loan, 2)Percentage of growth of savings, 3)Number of loans granted to targeted beneficiaries, 4) Financial insitutions agricultural loans portfolio quality, 5) Number of agricultural insurance and loan guarantee mecanisms deployed.

Impact Measurement

Financial institutions portfolio analysis

Direct beneficiaries

Organisations: 14

Individuals: 16738

Key Tags

Entrepreneurship, Food Security, Gender