Rural Financial Intermediation Programme

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.

Source: IFAD

email this article

In this section Project overview Documents Contact information Mr Bahiru Haile Programme Coordination Management Unit Development Bank of Ethiopia P.O. Box 1900 Addis Ababa, Ethiopia Tel: +251 111538943 Fax: +251 111511606 E-mail: pcurufip@telecom.net.et Facts and figures Total cost: US$88.7 million   IFAD loan: US$25.7 million Duration: 2003-2010 Geographical area: national, with a focus on the densely populated rural regions of Amhara, Oromia and Tigray and the Southern Nations, Nationalities and People’s region Directly benefiting: more than 1.5 million households Status: ongoing