AUXFIN to support PROSEMA with Mastercard Foundation winning project to improve the life of 37.000 sesame farmers in Mali.
During nearly 2 years AUXFIN has assisted PROSEMA with the funding request to the Mastercard Foundation that eventually has led to one of the 4 winning projects, out of 824 applicants.
PROSEMA, leader in the sale of locally produced sesame on international markets, in collaboration with smallholder farmers organized in cooperatives, intends with the support of the Mastercard Foundation Fund for Rural Prosperity to implement an innovative and multipurpose digital solution provided by AUXFIN International that will help to tackle the main challenges of 37,000 farmers and materialize the huge opportunities for improvement of the sesame value chain to the benefit of the farmers and their families. This means
- making farmers “bankable” for financial services providers
- improving production from 300 kg to 600 kg per hectare by (a) providing agronomic online training and a digital coach, especially in relation to the post-harvest handling, and (b) providing adequate financial products to allow use of good quality seeds and fertilizer
- widen the margin available to the farmers from 9% to 23%
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Press Release PROSEMA AUXFIN