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FrançaisSiatol in Burkina Faso: a new video and a blogspot by MCE Capital
Submitted by on Wed, 12/14/2016 - 15:05
MCE Capital recently published an article, featured in its newsletter as well on Siatol, a company based in Burkina Faso and specialized in the production of soya oil.
► Read the article on MCE Capital website
A good opportunity to present the new video released last week to present the impact study conducted by I&P in February 2016 on Siatol.
I&P conducts once a year an in-depth impact study on one of the companies in portfolio so as to analyse its economic and social impacts.The study, conducted in partnership with the FERDI and (Im)Prove, focuses this year on Siatol. Founded in 2010 by Marcel Ouédraogo and supported by Sinergi Burkina since 2015, Siatol works with a network of more than 3,000 smallholder farmers.
Main Findings
- Siatol plays a key role in strucuring the soy production chain in Burkina Faso, by providing farm inputs to the producers and by creating an interesting local offer on the market
- By promoting soy crop, Siatol provides producers with an access to a new cash crop, as an alternative to cotton crop. 63% of the producers has never grown soy before Siatol, and 19 % of farmers were not growing any cash crop (cotton, soybean, sesame).
- Soy crops are likely to increase their income basis when compared to cotton or food crops (10% estimated income increase in comparison with cotton). Sales of soybean represent an income of €250/smallholder on average
- Soy provides revenue diversification without threatening food consumption. Indeed, growing soybean reduces the need for farmers to sell their food crops on the market: the sales rate of maize decreased from 39% before growing soybean with SIATOL to 25% after.
- Siatol contributes to the greater productivity of the producers thanks to its mentoring and the quality of its farm inputs
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Powered by its innovative Guarantor model, and with a special commitment to empowering women, MCE Social Capital (MCE) issues loans to organizations helping people living in poverty access effective capital.