Smallholder Agricultural Credit Project - IFAD
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Smallholder Agricultural Credit Project
The IFAD-initiated project was supported by the World Bank. It instituted a coordinated, national smallholder credit system, which formed the basis for expansion to a system of rural finance that promotes savings and credit and considers the special credit needs of the poorest rural people.
The project introduced The Malawi Mudzi Fund, a pilot financial scheme for small-scale farmers, serving their needs for credit and savings and enabling them to engage in small, off-farm enterprises to improve their income.
Source: IFAD
Additional Data
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Total Project Cost
US$ 14.24 million
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IFAD Financing
US$ 6.71 million
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Financing terms
Highly Concessional
Co-financiers (International)
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World Bank: International Development Association
US$ 5.92 million
Co-financiers (Domestic)
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National Government
US$ 1.61 million