Smallholder Water Management and Irrigation Project (IFC-601113)

Countries
  • Burkina Faso
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 18, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Burkina Faso
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 2.46 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 23, 2017

Disclosed by Bank Jun 13, 2017


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Project Description
The objective of the project is to help farmers better manage water risks and increase their financial return through (a) reducing soil erosion, (b) collecting runoff in small reservoirs for later usage, using irrigation equipment, and (c) promoting Good Agricultural Practices in soil and water management. The project will work with around 1000 farmers to provide training, technical support and facilitation of access to finance. The farmers? training will be delivered by SOFITEX's trainers who are mandated by the Government to provide technical training to cotton farmers. Women will be trained separately from men. Technical support will be provided through certified service providers to help prepare land and install irrigation equipment, but for the simpler construction of stone contour lines, the farmers will have the option to build them or to hire service providers. In the latter case, farmers will nonetheless be required to provide a minimal amount of labor to ensure ownership. To facilitate access to finance for farmers, the project will work with SOFITEX's network of financial institutions, whose role will be to pre-finance the anti-erosive infrastructure and the irrigation equipment. In order to make the financing conditions affordable to farmers, the Global Partnership for Output-Based Aid (GPOBA), a department of the World Bank, will support farmers with a subsidy covering between 70% and 80% of the cost of investment. Farmers will contribute to the costs of the systems through loan commitments to cover between 20% and 30% of the project costs.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
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