One million farmers will have access to the financing offered by the Incentive Mechanism for Agricultural Financing Based on Risk Sharing (MIFA) by 2025.
Aid will be granted in priority to cooperatives. As long as they reorganize themselves from top to bottom.
The idea that independent producers come together in cooperatives to be more efficient.
Italy will provide assistance and advice through Credit Coopératif.
“The objective of this project is to increase the integration of agricultural value chains to increase the productivity of cooperative societies,” said Aristide Agbossoumondè, the director general of MIFA.
Based on risk sharing, the MIFA aims to professionalize the agricultural sector by structuring value chains, increasing the volume of financing allocated by financial institutions to the sector and developing innovative insurance and technological products.
The MIFA is supposed to facilitate sustainable access to suitable financial services for smallholders and micro, small and medium-sized agricultural enterprises, so that they can develop their activities and access markets.