Avifarm

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Avifarm is a traditional egg production farm, incorporated in 2004 in Bamako. BIO agreed to finance the extension and modernization to European standards of the chicken farm. The investment lead to an additional capacity of 25,000 egg laying chickens, while the capacity of the existing (traditional) premises was 28,000 birds.

Moreover, BIO has helped the Sponsors in improving the financial structure of the project.

Lastly, BIO has requested that the external auditor contracted by the Company would be involved more regularly to increase and improve the reporting on the financial statements.

BIO subsidized a technical assistance project for Avifarm in 2008, find out more here.

  • Investment amount (€):

    EUR 400,000

    Chicken eggs

  • Contract signature :

    2007

  • Nature of intervention :

    Debt

  • Development impacts :

    • 1 — Delegation of day-to-day managerial positions to local staff, enabling them to gain experience in managing people, production and sales
    • 2 — Utilisation of state-of-the-art facilities combined with training measures of the supplier of the facilities for local employees of the Project company (no local company uses this technology yet)
    • 3 — Additional employment for 5 persons
    • 4 — Production of basic food product (eggs provide scarce animal protein against relatively low price)
    • 5 — Improvement of the quality of the Company’s product
    • 6 — Added value created in Mali

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