Project profile — Agriculture and Rural Financing in Mali (FARM)


Consortium DID-FADQDI (CA-CRA_ACR-3104905757)
2014-09-30 - 2023-03-31
Global Affairs Canada
WGM Africa

Country / region 

• Mali (100.00%)


• Banking And Financial Services: Informal/semi-formal financial intermediaries (24040) (25.00%)
• Agricultural policy and administrative management:
Agricultural policy and administrative management (31110) (15.00%)
Agricultural financial services (31193) (60.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Disability (not targeted)
• Indigenous Issues (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)


This initiative assists a select number of viable financial institutions in acquiring the expertise and capacity in agricultural financing to address unmet agricultural producer demand for medium to long-term financial services in southern regions of Mali, namely Ségou, Koulikoro, Bamako and Sikasso. Working through Développement International Desjardins, one of the most highly regarded technical assistance providers to local financial organizations, the project : (1) supports local financial institutions to build capacity in rural credit provision and management; (2) stimulates new agricultural lending through a guarantee fund and a line of credit; (3) reduces the financial risk inherent to small-scale agriculture through crop insurance; and (4) supports a restructuring of the microfinance system.

Expected results 

The expected outcomes for this project include: the agriculture and agri-food financing system contributes to an environment that adequately meets the needs of rural sector actors; the rural economy is stimulated by controlling the risks associated with rural finance and supporting local initiatives that promote the expansion of financial services.

Results achieved 

Results achieved as of March 2020 include: (1) the strengthening of four microfinance institutions and two banks in the area of agricultural financing, including the strengthening of good practices in credit file analysis and risk analysis, was continued; (2) credit products adapted to women clients were deployed, such as “supply credit” for women rice parboilers and “input credit” for women onion producers; (3) 20,143 professionalized agricultural loans (of which 57.52% were women) were granted; (4) 4,825 jobs (of which 2,797 were occupied by women) were created in the agricultural sector; (5) 2,442 loans were registered as collateral for a total outstanding amount of nearly 2.2 billion CFA francs (CAD$5.2 million) through the operationalization of the Agricultural Loan Guarantee Fund program in Mali; (6) 2,901 farmers (of which 56% were women) have joined commercial crop insurance and 2,765 farmers have joined without paying a premium; (7) 1,550 women from 38 farmers’ organizations have received financial education through a financial education program led by women leaders; (8) training in environmental and social risk management of all loan officers in the six institutions were supported, enabling 1,020 borrowers (including 592 women) to be made aware of good environmental practices; and (9) the “solar irrigation credit” financial product for market gardeners wishing to purchase a solar-powered irrigation pump was developed, which works to enable the use of clean energy and reduce the cost of watering plots.

Budget and spending 

Original budget $0
Planned disbursement $0
Transaction Date Type Value
20-12-2023 Disbursement $880,996
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Project-type interventions
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