Appendix 2

Estimated volume of agricultural financing by microfinance institutions in the West African Economic and Monetary Union (WAEMU) zone IN 1997

				Contribution by type of MFI (%)(1)
	MFI credit volume (CFAF billion)	Estimated agricultural credit volume (CFAF billion)	As percentage of global MFI credit volume	SM	CV	PVC	CD
Benin	14.5	5.5– 5.7	36	99	–	1	–
Burkina Faso	9.7	3	27	60	5	26	9
Côte d’Ívoire	6.1	1.2	20	>90	–	5–6	2
Mali	9.5	4.7 – 5	49	<75	>25	y	<1
Niger	4.5	1.3	29	26	–	48	26
Senegal	16.0	2.5– 2.8	19	75	–	25	<1
Togo	7.8	0.780	10	75	–	10	15
Total	66.3	19 – 20	27	–	–	–	–

PASMEC – Support to microfinance institutions

(1) PASMEC classification:

SM - financial cooperatives
CV - community funds
PVC - projects with a credit component
CD - direct credit

(2) Exchange rate: USD 1 =CFAF 714.
y = small quantities

Source: Combination of PASMEC database with direct information gathered from MFIs in the CIRAD mission and research programme on agricultural financing (Wampfler, B. 2000. Le financement de l'agriculture dans un contexte delibéralisation: quelle contribution de la microfinance? Techniques Financières et Développement, No. 59.

Jump to Table of Contents Appendix 1: Diversity of agricultural financing needs by agro-ecological zone in Western Africa Appendix 3: Financing medium-term investment: lessons learned from CECAM (Madagascar) and ANED (Bolivia) leasing Hot links Rural finance and rural poverty