Rural Development Project

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Rural Development Project

Rural Development Project

 

The project initially targets some 300 rural community groups in eastern, central and western Georgia, establishing a model that can be replicated nationally to respond to rural poor people’s needs for financial services. Activities are concentrated in geographical areas that produce commodities and show potential for commercial agriculture and related businesses in the agricultural supply chain. 

The project provides direct support to the community groups, which include small and medium-scale farmers and their associations and companies involved in the marketing chain. The objective is to build their technical and institutional capacity for interaction. The overall goal is sustained growth of rural incomes and employment, and reduction of poverty. Activities include:

  • developing agricultural supply chains that add value and give farmers a competitive advantage. The aim is to expand profitable domestic and export market opportunities by improving market linkages and providing appropriate technology.
  • supporting rural financial services by providing a credit line for commercial banks and a microcredit line to non-bank financial institutions, and by building the capacity of participating institutions to deliver financial services
  • supporting legal and institutional reforms that heighten the competitiveness of Georgian agriculture, the marketability and safety of its products, and its compliance with international sanitary and trade obligations

Source: IFAD


Status: Closed
Country
Georgia
Approval Date
19 April 2005
Duration
2005 - 2011
Sector
Credit and Financial Services
Total Project Cost
US$ 34.7 million
IFAD Financing
US$ 10 million
Co-financiers (International)
World Bank: International Development Association US$ 10 million
Japan US$ 4.5 million
Co-financiers (Domestic)
Domestic Financing Institutions US$ 2.9 million
National Government US$ 2.47 million
Beneficiaries US$ 4.84 million
Financing terms
Highly Concessional
Project ID
1100001325
Project Contact
Dina Saleh

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