GRAIN BANK PROJECT
Burkina Faso: in activity
Since May 15, 2010, the SEMAFO Foundation has been helping people of the region of Balé and Mouhoun in the production and marketing of sesame. For various reasons, sesame prices vary enormously. The overall objective of the warrantage is to fight against poverty and food insecurity. In order to support small producers in order to enable them to make the most of their work, the SEMAFO Foundation, in partnership with the COOPEC Kayoro fund of Dédougou, initiated the warrantage of sesame as a pilot project in 2015, 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 warrantage store will allow them to obtain credits by guaranteeing their production (sesame, millet, maize, sorghum, etc.) while waiting to resell when the market is more favorable.
Following the positive experience of the pilot project of the previous year, the SEMAFO Foundation has sponsored training for the members of the Warrantage Management Committees. This activity was made possible thanks to the partnership between the SEMAFO Foundation and COOPEC-KAYORO through the project “Support to the extension of the warrantage in the area of intervention of the Foundation”.
- Construction of stores in the villages of Boungou, Kéra, Lah, Wakara and Yaho (2016-2017)
- Training workshops to train management committee members in management techniques and storage techniques for 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 merchandise. (2017)
- Start of the pilot project in the village of Kona. Twenty-two producers benefited from an advance on their future harvest revenues of $ 2,200 (1,075,000 FCFA) for their first months of activity. (2015)
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