BNDA's medium-term strategy towards SFDs
The BNDA, in achieving its rural development objective, has always considered that the SFDs are an important vector in the distribution of agricultural credit.
The institutional reform currently underway is therefore an opportunity to pursue and strengthen its links with the sector within a healthy and controlled framework. This commitment is reflected in the Group's proposed strategic priorities for the period 2013 to 2015, in which it has defined the following objectives:
- Confirmation of its leading position in agricultural bank financing in Mali, by developing banking services and credit distribution for agricultural producers, either directly or through decentralized financial systems.
- Continued financing of microfinance structures that have demonstrated their reliability, based on a classic customer risk analysis approach.
- BNDA has considered several options for intervention in the microfinance sector: Continued financing of microfinance structures that have demonstrated their reliability, based on a classic customer risk analysis approach.
- Acquiring a stake in the capital of a Microfinance Institution (MFI);
- Setting up a subsidiary of an MFI;
- Creation of a microfinance unit;
- Mobile banking: using MFIs as approved agents and opening up the service to their customers
- Electronic banking: installation of ATMs in MFI outlets and offer of prepaid cards
- Cooperation with MFIs for the payment of cotton revenues to producers
- Cash transportation.
- taking a stake in the capital of the micro-finance structure, which must have the necessary legal status to do so providing technical assistance to ensure good governance and profitability of the structure (e.g. Deputy-CEO, Financial and Sales Manager and Credit Manager)
- provide a line of credit to cover all the structure's refinancing needs and subsidize technical assistance remuneration differentials.