GRAIN BANK PROJECT
Burkina Faso: in activity
Since May 15, 2010, SEMAFO Foundation has been helping people in the Balé and Mouhoun regions in the production and marketing of sesame. For a variety of reasons, sesame prices can vary enormously. The overall objective of the grain credit “warrantage” bank is to fight against poverty and food insecurity. To support small producers in deriving maximum benefit from their work, SEMAFO Foundation, in partnership with the COOPEC Kayoro fund of Dédougou, initiated a sesame warrantage pilot project in 2015 together with the Kona Sesame Farmers’ Group. The Foundation wanted small producers to benefit from optimal marketing techniques for their production on the local market. The grain credit storehouses will allow them to obtain credit by collateralizing their production (sesame, millet, maize, sorghum, etc.) while waiting to resell when the market is more favorable.
Following the success of the pilot project in the previous year, SEMAFO Foundation trained up members of the warrantage management committees. This was carried out under the partnership between SEMAFO Foundation and COOPEC-KAYORO in the project “Support for the extension of warrantage in the Foundation’s outreach areas”.
- Construction of storehouses in the villages of Boungou, Kéra, Lah, Wakara and Yaho (2016-2017)
- Training workshops to train management committee members in management and storage techniques of agricultural products in the villages of Lah, Wakara and Yaho. (2016-2017)
- Donation of a Yamaha YBR 125 motorcycle with protective helmet to COOPEC-KAYORO (trainer) and 40 pallets for the storage of goods. (2017)
- Commencement of the pilot project in the village of Kona. Twenty-two producers benefited from an advance of $2,200 (FCFA 1,075,000) on future harvest revenues for their first months of activity. (2015)
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