Mali and International Fund for Agricultural Development ink deal to connect farmers to rural financing
By Bob Koigi
More than 440,000 smallholder farmers in Mali will soon have better access to rural financial services thanks to a new agreement signed by the International Fund for Agricultural Development (IFAD) and the Republic of Mali.
The new agreement will provide financial support to the Inclusive Finance in Agricultural Value Chain Project (INCLUSIF), which will be implemented in five regions of the country (Koulikoro, Sikasso, Kayes, Ségou and Mopti).
By providing a range of financial products, including savings, credit and micro-insurance, the project will enable smallholder farmers to invest in the necessary infrastructure and equipment that will help them produce, store, process and better market their products.
Photo courtesy of P. Casier.