MIFA partners with BB Lomé and producers to bolster the rice sector

Agriculture
Tuesday, 24 December 2019 13:26
MIFA partners with BB Lomé and producers to bolster the rice sector

(Togo First) - BB Lomé,  all Producers Organisations and Service Businesses’ Associations (ESOPs), and the Incentive Mechanism for Agricultural Financing (MIFA SA) signed yesterday a partnership agreement. The document was signed at the headquarters of BB Lomé, Togo’s largest brewery. 

Under the convention, the three parties are to promote financial services adapted to agriculture, to the rice sector especially, over three years. 

An ESOP, let’s recall, is a social business establishing a commercial-institutional partnership between a private actor and organized producers, to better meet unsatisfied or poorly satisfied needs. Its main purpose is to connect producers, sustainably, to profitable markets, hence increasing and securing their income.

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