Supporting Local Innovation by Means of an Alternative Finance Mechanism
Innovative farmers have developed local solutions aimed at overcoming the constraints of poverty and land degradation. A support process based on the Local Innovation Support Fund (LISF) was established to facilitate low-income farmers’ access to financing as well as to promote and improve their local innovation.
It is an initiative from the project aimed at strengthening the Farmers’ Research Networks (FaReNe) in the regions of Ségou (Nabougou and Nampasso) and Mopti (Kiri and Pongonon). The implementation of the aforesaid process led to the identification of constraints related to farming innovation, for example the poor quality of the materials supplied and the diversity of solutions, such as the pooling and digging in of organic fertilizers in order to overcome such constraints and enable farmers to qualify for the Local Innovation Support Fund. The purpose of this case study is to document the experience of the FaReNe in Mali in relation to the results of the local innovation support funds.