Agricultural Credit Project

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Agricultural Credit Project

Agricultural Credit Project

The objectives of this nationwide project were to increase agricultural production and reduce dependency on imports, to raise living standards for farming households by 25 per cent — particularly for the poorest households — and to create rural employment by granting short-, medium- and long-term credit.

The project achieved its main objective of increasing food production of smallholder farmers by financing investments in production. The Caisse nationale de credit agricole increased the number of its branches from 120 to 280, modified its lending practices by region and raised the credit limit, enabling the poorest to participate in the project. The project did not meet with success in promoting financing for agrarian reform cooperatives because some of the cooperatives accumulated payment arrears and were unable to make further loans. A monitoring and evaluation system was not established because of its overly ambitious and complex structure.

Source: IFAD

Status: Closed
Approval Date
27 June 1979
1979 - 1982
Credit and Financial Services
Total Project Cost
US$ 722.85 million
IFAD Financing
US$ 22.49 million
Co-financiers (International)
German Credit Institution for Reconstruction (KfW) US$ 50 million
World Bank: International Bank for Reconsruction and Development US$ 70 million
Co-financiers (Domestic)
National Government US$ 580.36 million
Financing terms
Project ID

President's reports

Project design reports

Supervision and implementation support documents

Environmental and social impact assessment

Final environmental and social management framework

Interim (mid-term) review report

Resettlement action framework

PCR digest

Special study

Project list

Audit and Financial Statements

Project completion report