Finding funding solutions for rural activities: FONGS of Senegal has some answers

Finding funding solutions for rural activities: FONGS of Senegal has some answers
N°38

Some 30 years have passed since the paradigm of public funding of agriculture faded, in favour of a liberalised market economy, under pressure from the Bretton Woods institutions and as a result of structural adjustment plans. States started downsizing by divesting heavily from certain sectors such as agriculture. It was the beginning of the microfinance boom; however, microfinance was soon shown to be of limited suitability for the specific needs of rural and agricultural production.

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