The Food Securities Fund, advised by Clarmondial, disbursed a loan to a company operating across West Africa, its first investment in the region. The borrower supports the implementation of organic, climate smart practices in a dry rural area in the ECOWAS region. The loan will enable the borrower to expand its organic certified sourcing to over 5’000 farmers. The borrower supports local agronomists in promoting the uptake of good agricultural practices (including introducing and maintaining trees on farms) and the access to mechanization to reduce harvest and post-harvest losses.
Soumaila Diakite, Clarmondial’s Partner for West Africa, said that “agriculture is a major contributor to the economies in the ECOWAS region. The implementation of sustainable and climate smart practices helps ensure rural development and food security. This investment by the Food Securities Fund strengthens agricultural supply chains for the benefit of smallholder farmers.”