Grants and Contributions:
Title:
Agriculture and Rural Financing in Mali (FARM)
Agreement Number:
5007060675 A034767001 P000162001
Agreement Value:
$18,110,000.00
Agreement Date:
Sep 3, 2014 - Apr 30, 2023
Description:
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.
Organization:
Global Affairs Canada
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.
Location:
Lévis, Quebec, CA G6V 6P8
Reference Number:
GC-2015-Q2-0004
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
104905757
Recipient Type:
Not-for-profit organization or charity
Additional Information:
The end date is changed to April 30, 2023.
Amendment Date
Feb 4, 2021
Recipient's Legal Name:
Consortium DID-FADQDI
Federal Riding Name:
Bellechasse--Les Etchemins--Lévis
Federal Riding Number:
24010
Program:
International Development Assistance Program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.
Amendments: