Modibo COULIBALY

Nyèsigiso crossed SIDI’s path in 2010 during a session of the Board of Directors of the Banque Malienne de Solidarité in 2012 in Bamako, Mali, an institution in which SIDI is a shareholder and member of the Board. And it’s on the bangs of the Banque Malienne de Solidarité’s Board sessions that I’ve often had fruitful exchanges. As a result of these discussions, SIDI was able to provide technical and financial support to Nyèsigiso, which had just undergone a “clean-up” of its accounts and needed to boost credit production and strengthen its equity capital. Along the way a mission was carried out in the first quarter of 2014 at Nyèsigiso by SIDI.

The SIDI-Nyèsigiso partnership came to fruition in August 2014 with the establishment of a first senior loan of two hundred million Fcfa (305,000 euros) for a period of 24 months with a technical assistance component. Financial support has been decisive in the relationship, and since then a strong bond of “win-win” partnership has been established between our two institutions, which share the values of inclusive finance. Nyèsigiso was thus able to boost its credit production by increasing its agricultural portfolio.

To the 2000 shareholders of SIDI, I say this: “In Nyèsigiso, we have become passionate about rural and agricultural finance thanks to the professionalism of the SIDI team. The analysis process carried out in the field, the financial and technical support, the focus on agricultural producers and the agility of the SIDI team enabled the elected representatives and managers of Nyèsigiso to better understand the alignment with our mission, the importance of risk factors and the management system for social, environmental and customer protection performance. So keep investing in SIDI, the pride of us all, for successful social development.

The financial support was decisive in the relationship, and from then on a strong “win-win” partnership was established.