Guarantee fund on campaign credits in Burkina Faso
Fondation Avril has been working since 2016 in the issue of financing the agricultural sectors in West Africa. The lack of cash flow of African SMEs in the agri-food processing sector impacts their ability to finance their working capital needs. Due to the need to buy sufficient quantities of agricultural raw materials at harvest, Burkina Faso’s SMEs processing soybeans have particularly high for seasonal loans.
However, the existing guarantee systems focus on investments and the long term, rather than campaign credits. In this context, many SMEs underutilize their industrial capacities. The foundation is working to set up a short-term guarantee fund in Burkina Faso worth CFAF 2.5 billion (€3,8 millions).
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Côte d’Ivoire Project
Following the Symposium “Entrepreneurship against malnutrition” organized on November 25 and 26, 2019 in Abidjan, Côte d’Ivoire, the Fondation Avril committed to implement, in the field, the proposals presented during this event aimed at strengthening food security and improving nutrition of populations.
“Biodiversity and proteins” project in Southern Togo
As part of a partnership launched in June 2020, AFDI (Association Agriculteurs Français et Développement International) is supporting UROPC-M (Farmers’ Organization of the Maritime Region, in southern Togo) in the diversification and development of three legume crops: pigeon pea, bambara-bean and groundnut.
CIFS professionalization project in Togo
In Togo, the Ministry of Agriculture made an official request to the Fondation Avril and Agropol to support the professionalization of the soybean interprofessional organization, the CIFS (Soybeans Interprofessional Council in Togo).
Symposium « Entreprendre contre la malnutrition »
During Sara (Salon International de l’Agriculture et des Ressources Animales), Fondation Avril organized with a group of institutional and economical partners a conference entitled « Entreprendre contre la malnutrition » on Monday, 25 and Tuesday November 26th 2019 in Abidjan, Côte d’Ivoire.