Lead organisation: MercyCorps
Local partners
- ASUSU SA
- Universite Abdou Moumoundi de Niamey
- Institute National de la Recherche Agronomique du Niger Soro Yirwaso
International partners
- PlaNet Finance
- Orange Money
- Airtel Money
MercyCorps worked to strengthen the resilience of agro-pastoralists in Mali and Niger, by expanding their access to formal financial services. The project educated agro-pastoralist men and women so that they can make informed decisions about their household finances and better manage risk. This unlocked access to new credit options, including warehouse credit for farmers and tailored credit products for women’s groups. Using mobile banking and other technologies, the project aimed to bring 50,000 agro-pastoralists into the formal financial market. Click here to download the solution statement.
Key Achievements:
- LEAP has facilitated the beginning of institutional change in the financial services system in Mali and Niger, by setting in motion mobile banking.
- 8,320 members signed up with 312 VSLA in 107 villages in Mali and Niger.
- 88 groups (1,333 members, 88% women) received $153,000 mobile loans
- 22 subscriptions for the index-based micro insurance product were registered in Djenne circle in July 2017 for $510. They are insured against drought for the 2017-2018 season up to $3,450 USD in damages.