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2001

Rural Financial Intermediation Programme (Ethiopia)

Ethiopia

Titre : Rural Financial Intermediation Programme (Ethiopia)

Pays : Ethiopia

Approval date : 06/12/2001
Durée : 2003 - 2010

Initiating institution : International Fund for Agricultural Development (IFAD)

Finalité et objectifs
Poor people living in rural areas need access to credit on a regular basis so they can build up their assets and diversify their income-generating activities. This programme is designed to benefit poor people who have no access to basic financial services because of limited outreach and because they have no collateral. Such people often depend on moneylenders, paying exorbitant rates of interest and depleting their resources. By training rural poor people how to use and benefit from financial services, the programme helps them become clients of existing microfinance institutions, building confidence and reinforcing a culture of credit discipline. About 40,000 women will benefit from training in business skills, and about 14,000 centre and group leaders will share experiences relating to successful microfinance activities in other parts of the country. The programme will promote the establishment of 3,375 rural savings and credit cooperative societies owned and managed by their members.

Organisme d’exécution : Microfinance institutions (MFIs), rural savings and credit cooperative societies (RUSACCOs), cooperative unions, National Bank of Ethiopia (NBE), Development Bank of Ethiopia (DBE), commercial banks (CBs), Association of Ethiopian Microfinance Institutions (AEMFIs), federal and regional cooperatives promotion bureaux (FCPBs and RCPBs)

Informations financières
Approved IFAD loan : US$25.7 million
Cofinancing : African Development Bank (AfDB) (US$37.5 million)
BORROWER : Government : USD 4.5 million ; DBE/CBs : USD 20.2 million ; MFIs : USD 844 000
Total programme cost : US$88.7 million

Présentation : IFAD

Report and recommendation of the President

Page publiée le 15 février 2011, mise à jour le 9 juillet 2019