Netri Foundation

Social investments to combat extreme poverty

Improving productivity for smallholder farmers

Mali, 2017

Collaborating Entity MyAgro Farms
Amount $100,000
Term 8 months
Beneficiaries 3,000

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Social Issue

Many farmers in Mali, Senegal, and Tanzania survive on their crops, and their seasonal income is less than a dollar and a half a day. Their situation does not allow them to buy quality seeds to improve the performance of their crops. Low profits also mean that they have to continue to use outdated and inefficient farming methods due to their inability to acquire adequate tools. This fact leaves them in a situation of extreme poverty in which for two or three months a year they live with food shortages, which causes serious malnutrition problems.

Our Response

MyAgro Farms is a non-profit company registered in the USA and operating in Mali and Senegal. Its objective is to offer small farmers a savings plan to improve their productivity. Through a mobile application designed by the company itself, farmers can buy quality seeds, fertilisers, and agricultural tools over a period of nine months before planting, and also receive technical training. Likewise, myAgro agents work together with the farmers at the time of planting and harvesting to be able to advise them at all times.

MyAgro has enabled farmers who use their mobile acquisition system of resources, tools, and training to increase their productivity between 50% and 100%. This represents an increase in profitability by $130 per year. Currently, the farmers who are beneficiaries of the project earn around $1.90 a day. However, myAgro aims for this figure to reach $3 a day in 2019.

Expected Social Impact

In 2016 MyAgro had 17,051 farmers subscribed to its project and expects that by 2017 this figure will increase to 32,000. On the other hand, the company intends to increase its presence in Senegal. In 2017, the country’s farmers represented 22% of the total and it is expected that in 2019 they will be 31%. The objective of our investment is to allow 600 farmers to increase the productive yield of peanuts, corn, and vegetables between 50 and 100%, improving their family finances. In general terms, the investment wants to contribute so that in 2019 120,000 farmers in Mali and Senegal can earn an average of three dollars a day.