FADEV: Mobilizing Malian diaspora investments into agri-food SMEs

Ciwara Capital founders
  • April 2023
  • Author: FFR
  • Focus Region: Mali

To reduce poverty and support economic growth through decent work in rural Mali by mobilizing diaspora investments. The results are as follows: 

MALIAN DIASPORA INVESTS EUR 120,000 IN RURAL AGRIFOOD SMES IN MALI
1. An innovative investment model is designed and customized to meet diaspora needs.
2. Twelve leaders of the Malian diaspora in France promote the impact investment mechanism
3. designed under this project.
4. Six groups of about 5 to 20 diaspora investors each mobilize their savings to invest in Mali.

AGRIFOOD SECTOR IN MALI ARE FINANCED TO DEVELOP THEIR BUSINESSES
1. A EUR 72,000 guarantee fund is set up to de-risk diaspora investors.
2. The six SMEs supported create or stabilize at least 50 direct jobs, of which 50 per cent for women.

LESSONS LEARNED FROM THE NEW DIASPORA INVESTMENT SOLUTION ARE DOCUMENTED TO ENABLE ITS REPLICATION
1. A good practice guide is developed and disseminated.
2. A legal and regulatory study of the model extension to other European countries where the Malian diaspora is located is conducted.

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