By experience, the agro economist engineer, graduate of management of decentralized financing systems says that "individual financing in rural areas is very risky." She's however convinced that with the advent of value chains, it is "encouraging to finance agriculture."
Based in the Kara region (420 km from Lome), Promofinance currently supports around 19,000 members, many of whom are in rural areas.
"The risk we have tested it. When we talk of non-reimbursement, usually it is not because people don’t have means. They produce and when it is time for the repayment, they either say there is no market or they sell and refuse to pay back. We faced all the situations that do not encourage at all," testifies Mrs. Lokou.
To correct this, she thinks that people need information and training; financial education.
"Financing the rural world, there is great hope if everyone in the game understands the issues of development. Today, with the production of Soy and others, we know the purchasers. So, we can finance," she reassures.
A model in the financing of agriculture
The director shows that between 2008 and 2014, the share reserved for the agricultural sector was very small, but thanks to the partnership with the National Fund for Inclusive Finance (FNFI), the share of the portfolio for the sector increased.
"When FNFI products were there, our portfolio for the agricultural sector went over 40%, after the level dropped a little bit to restart with PAIEJ-SP products. Currently the PNPER with which we are committed also makes us intervene a lot in rural areas," she says.
Ms. Lokou Amida invites young people to seize the various opportunities offered by the government and its partners to the benefit of the youth and the rural world.