Rural Financial Intermediation Programme III

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Rural Financial Intermediation Programme III

The objective of the programme is to improve livelihoods and to reduce vulnerability and poverty through increased incomes and better risk management through financial and nonfinancial measures. This will be achieved through a nationwide network of more than 11,000 RUSACCOs, their secondary structures (the Unions) and 38 MFIs, with increased focus on marginalized areas. 

The proposed target group consists of 50 per cent women and 10 per cent youth. 

Status: Ongoing
Country
Ethiopia
Approval Date
29 November 2019
Duration
2019 - 2025
Sector
Credit and Financial Services
Total Project Cost
US$ 305.79 million
IFAD Financing
US$ 39.99 million
Co-financiers (International)
European Union US$ 19.4 million
Alliance for a Green Revolution In Africa US$ 1.5 million
European Investment Bank US$ 112 million
Co-financiers (Domestic)
Domestic Financing Institutions US$ 60 million
National Government US$ 51.95 million
Financing Gap
US$ 20 million
Financing terms
DSF Grant/Highly Concessional
Project ID
2000002344
Project Contact
Han Ulac Mr Demirag

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