Impacts of Microfinance Institutions on Guinea Agricultural Production: Case of the Urban Commune of Faranah, Guinea

This work aims to assess the socio-economic impacts on agricultural production. It was carried out in the urban commune of Faranah from June 24 to September 30, 2013. The methodology used consisted of bibliographic consultations, technical and socioeconomic surveys in the three (3) Micro Finance Institutions (MFIs) of the Joint with 5 authorities, 15 MFI agents and 102 peasant people (Physical and Moral), then to analyze and interpret the data collected. The results of our surveys reveal that the population of the urban commune of Faranah, particularly farmers, are interested in MFIs (despite their small number), because they allow them to improve living conditions through increasing the yields of their cultures are the following variations: 46.27% ; 47.37% ; 32.14% and 42.50% respectively for rice, cassava, peanuts and fonio. And the monetary values of production also experienced variations: 181.43% for rice, 184.91% for cassava; 108.86% for peanuts and 90% for fonio. This is due to the fact that its farmers have taken out credits: 162275000 GNF in 2010 for 499 credits; 405550000 GNF for 797 credits in 2011 and 154425000 GNF for 447 credits