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 Low profits also mean that they have to continue to use outdated and inefficient farming methods due to their inability to acquire adequate tools.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 training and services to increase their productivity between 50% and 100%. In 2018 they had more than 40,000 farmers subscribed to their services.

Expected Social Impact

The impact of this investment will allow more than 1,700 small-scale farmers and their families to benefit from an increase in the productivity of their peanut, corn, and vegetable crops of between 50% and 100%. In the past three years, the average increase in profitability per farmer was $110.