Smallholder Farmers and Savings in West Africa

The video discusses the challenges faced by smallholder farmers in West Africa, who often lack cash at critical times despite having some income. It introduces myAgro, a nonprofit that helps farmers save incrementally for seeds and fertilizer using a mobile-based system. This approach has significantly improved farmers' yields and incomes, especially benefiting women. The video highlights success stories and myAgro's vision to expand its impact.

What is a major challenge faced by smallholder farmers in West Africa?

• Insufficient government subsidies

• Lack of access to water

• Excessive land ownership

• Overproduction of crops

What is the fundamental issue with farmers' cash flow?

• They receive too many subsidies

• They spend too much on luxury items

• They have cash but not when needed

• They have no cash at all

What is the estimated financial problem faced by farmers in sub-Saharan Africa each year?

• A 500-million-dollar problem

• A 50-billion-dollar problem

• A 100-billion-dollar problem

• A 200-billion-dollar problem

How does myAgro help farmers save for seeds and fertilizers?

• By providing loans

• Through government grants

• Through a scratch card system

• By offering free seeds

Why is the myAgro savings model particularly beneficial for women?

• It requires no initial investment

• It matches their small, weekly earnings

• It provides free childcare

• It offers higher interest rates

What was the increase in food production for myAgro farmers in 2021?

• Three times more

• No increase

• Two times more

• Four times more

How has Dembe's business changed after joining myAgro?

• He started a new career

• He moved to a different village

• He expanded his business with freezers

• He stopped selling goods

What is the ultimate goal of myAgro in the next five years?

• To expand to Europe

• To provide free seeds to all farmers

• To reach one million farmers

• To eliminate all government subsidies

What is a key benefit of the savings-led model for farmers?

• It depends on government funding

• It is high-risk and stressful

• It requires large capital investments

• It is reliable and low-stress

How did Setou transform her life using myAgro's model?

• By starting a new business unrelated to farming

• By moving to a city

• By buying a new car

• By investing in cows and expanding her farm