Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT)

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Programme for Rural Outreach of Financial Innovations and Technologies

Programme for Rural Outreach of Financial Innovations and Technologies (PROFIT)

The goal of this programme is to contribute to the reform of financial sector policy in Kenya. It supports the development of a range of innovative financial products – such as savings and remittance services, community infrastructure loans, value-chain financing, medium-term financing for the agriculture sector, and index-based insurance and health insurance – and improves the access of poor rural households to these services. It also helps programme participants manage their assets, market their produce and increase their employment opportunities.

PROFIT works throughout Kenya's rural areas, especially in arid and semi-arid zones and areas with both agricultural potential and a high incidence of poverty. It reaches out to smallholder farmers, pastoralists, artisanal fishers, women, landless labourers and young people. The programme's goal is to increase the incomes of the target group by improving the productivity of rural smallholder farm and off-farm sectors.
 

Source: IFAD

 
Status: Closed
Country
Kenya
Approval Date
16 September 2010
Duration
2010 - 2019
Sector
Credit and Financial Services
Total Project Cost
US$ 83.22 million
IFAD Financing
US$ 29.91 million
Co-financiers (International)
Alliance for a Green Revolution In Africa US$ 2.75 million
Co-financiers (Domestic)
Private sector local US$ 50 million
Financing terms
Highly Concessional
Project ID
1100001378
Project Contact
Hani Abdelkader Elsadani Salem

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Environmental and social impact assessment

Final environmental and social management framework

Resettlement action framework

Interim (mid-term) review report

Interim (mid-term) review report

Special study

PCR digest

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Audit and Financial Statements

Project completion report

Project completion report

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