ACCESS TO FINANCING COMPONENT OF THE BENINCAJU PROJECT: FIDE, A REALITY IN NASSARA COMPANY

In 2016, the BeninCajù project for the integration and acceleration of the cashew sector in BENIN, funded by USDA and implemented by TechnoServe Bénin in partnership with CRS, was launched. Benefiting producers, processors, professional associations of the cashew sector, and public structures concerned with the development of the sector, the general objective of BeninCajù is to strengthen and expand the cashew sector and make it more productive and profitable for the benefit of Benin's socio-economic development.
BeninCajù implements its activities through 6 components namely: Production, Cashew Nut and Apple Processing, Sector Policy-Institutional Support, Access to Finance, Gender, and Producer Support. The Access to Finance component strengthens the capacities of small and large financing institutions and deals with the relationship with clients. It includes a grant fund which is the Fund for Innovation and Enterprise Development (FIDE). The objective of FIDE is to complement the ongoing interventions of the BeninCajù project to promote and accelerate innovation and the adoption of improved technologies, and to fill short-term gaps in financing investments in the cashew sector.
Two actors in the sector, including NASSARA BENIN, beneficiaries of FIDE, have already been supported by this fund on various projects in connection with producers and the subsidy lines approved by BeninCajù in this regard amount to nearly 150 million FCFA. NASSARA is a pioneer in Benin in the production, processing and export of certified organic and fair trade cashew nuts.
More details here. 

Visite d'une plantation d'anacardiers bio à Nikki par BeninCajù.