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Rural
Financial Services Programme
The overall aim of this IFAD-initiated programme
is to further rationalize and strengthen grass-roots microfinance
institutions, to improve rural poor people's access to their services.
The specific objectives of the programme are to:
- support the design and development of a comprehensive financial
system at the grass-roots level, owned, operated and managed by
members of microfinance institutions and based on the principles
of private banks
- enhance microfinance institutions' technical, operational and
outreach capacity to provide financial services to rural poor people
for productive and income-generating activities
- empower rural poor people by removing legal, regulatory and social
barriers to ensure their active participation in microfinance institutions
and provide them with an opportunity to enhance their business and
technical skills
- strengthen the financial instruments, skills and capital base
of grass-roots microfinance institutions and financial intermediaries
Finally, the programme will
assist the government in consolidating and deepening its ongoing policy
and institutional reforms for rural microfinance services, and in
developing a sustainable rural financial system that can be integrated
into a gradually liberalized financial sector. The programme, which
will be concentrated primarily in areas where IFAD's initial pilot
experience has provided some demonstrable results, will initially
cover the regions of Dodoma, Mbeya and Kilimanjaro during the first-phase
intervention.
Source: IFAD
email this article
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| Contact information |
Mr Samuel Eremie
Country programme manager
IFAD
Via Paolo di Dono, 44
00142 Rome, Italy
Tel: +39 0654592079
Fax: +39 0654593079
s.eremie@ifad.org
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| Facts and figures |
Total
cost: US$23.8 million
IFAD loan: US$16.3 million
Cofinancing:
- OPEC
Fund (US$2.2 million)
- Swiss
Agency for Development Cooperation (US$2.2 million)
Duration:
2001-2010
Directly benefiting: 55,000 households
Status: ongoing
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