Agricultural Development Project - IFAD
Agricultural Development Project
This was the organization’s first project in Georgia and was initiated and co-financed by the World Bank. The target group included small-scale farmers who had recently received land, villagers with small plots, livestock farmers in mountain areas, potential rural entrepreneurs and rural women. The project assisted the government in:
- transferring commercially viable agricultural assets and activities to the private sector
- establishing efficient financial systems to respond to the needs of small-scale farmers and agro-industries
- setting up an appropriate institutional environment for private agriculture and agro-processing
Activities focused on improving access to credit for enterprises, setting up a countrywide network of credit unions and supporting a land registration scheme. At project’s closing, more than 12,000 rural people had gained access to retail financial services for the first time since independence. A number of credit unions are still active, constituting evidence that the model can be made to work.
Source: IFAD
Additional Data
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Total Project Cost
US$ 27.1 million
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IFAD Financing
US$ 6.57 million
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Financing terms
Highly Concessional
Co-financiers (International)
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World Bank: International Development Association
US$ 15.04 million
Co-financiers (Domestic)
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Private sector local
US$ 1.1 million
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Beneficiaries
US$ 3.89 million