Credit and Financial Services: Rural Enterprise Finance Project (REFP)


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Rural Enterprise Finance Project

In Mozambique, a rising demand for food is creating job opportunities for rural smallholders seeking to expand and intensify their activities. Nevertheless, a lack of resources and inadequate access to financial services and markets are becoming increasingly critical constraints.

The Rural Enterprise Finance Project (REFP) will focus on the poor and disadvantaged to ensure that rural finance services reach underserved communities and financially excluded groups. It will operate across 10 provinces and is expected to directly benefit more than 287,700 rural people engaged in agriculture, fisheries and small and medium-sized enterprises by improving their access to national and regional markets.

REFP aims to increase the availability and use of appropriate, affordable and innovative financial and technical support services. It will develop digital financial services for agricultural and rural finance products. Rural agricultural and non-agricultural entrepreneurs will undergo training, and institutions working with the rural population will receive support. The project also seeks to improve the creditworthiness of very poor rural people by improving their financial literacy and capacity.

Status: Ongoing
Approval Date
16 April 2018
2018 - 2025
Credit and Financial Services
Total Project Cost
US$ 72.54 million
IFAD Financing
US$ 62.15 million
Co-financiers (Domestic)
National Government US$ 4.29 million
Beneficiaries US$ 1.1 million
Private sector local US$ 5 million
Financing terms
DSF Grant
Project ID
Project Contact
Jaana Ms Keitaanranta

President's reports

Project design reports

Project design reports

Rural Enterprise Financing Project (REFP) Region: East and Southern Africa
Design report, October 2017 Region: East and Southern Africa

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




Farmers in Mozambique rise to the challenge

June 2023 - BLOG

Farmers in Mozambique face unimaginable challenges. We must continue to support them if we want to see rural communities lift themselves out of poverty and thrive. Norway's Minister of International Development, Anne Beathe Tvinnereim, shares her reflections on her recent visit to Mozambique.