Convergence on Value Chain Enhancement for Rural Growth and Empowerment (CONVERGE)

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Convergence on Value Chain Enhancement for Rural Growth and Empowerment Project

 

The strategic focus of the Convergence on Value Chain Enhancement for Rural Growth and Empowerment (CONVERGE) project is to reduce rural poverty by enabling smallholder farmers to engage in value chains, so that they can increase the profitability of their household farm enterprises. The project includes investment plans for 11 commodities and/or agribusiness projects in the rubber, rice, abaca, sugar cane,  cassava, coconut, and coffee sectors.

The project's main objectives are to:

  • Promote sustainable agriculture
  • Preserve the land resource base
  • Improve the investment climate for agribusinesses
  • Initiate climate change adaptation and mitigation measures

The project will target three regions located in the west, north and northeast of Mindanao which are among the poorest regions of the country.

The expected impact and outcome for around 55,000 smallholder households include:

  • Increased average annual income
  • Increased farm income derived from new farming activities
  • Increased ownership of household assets
  • Reduced prevalence of child malnutrition


Source: IFAD

 
Status: Ongoing
Country
Philippines
Approval Date
15 September 2015
Duration
2015 - 2021
Sector
Rural Development
Total Project Cost
US$ 52.53 million
IFAD Financing
US$ 25.01 million
Co-financiers (Domestic)
Beneficiaries US$ 17.93 million
National Government US$ 6.11 million
Local Government US$ 3.48 million
Financing terms
Ordinary
Project ID
1100001547
Project Contact
Alessandro Marini

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Interim (mid-term) review report

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Co-financiers