Wool and Mohair Value Chain Competitiveness Project

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Wool and Mohair Value Chain Competitiveness Project

Wool and mohair account for almost two thirds of Leotho’s agricultural exports. The raising of wool sheep and mohair goats contributes significantly to the livelihood of about 45,000 rural Basotho families and is concentrated in districts recording high levels of poverty.

Building on the Wool and Mohair Promotion Project, this project continues to work with 45,000 wool and mohair farmers to consolidate the outcomes of WAMPP and achieve deeper impacts.

The project aims to increase the economic and climate resilience of wool and mohair farmers and promote inclusive and sustainable economic growth and private sector-led job creation.

Status: Ongoing
Country
Lesotho
Approval Date
12 September 2023
Duration
2023 - 2030
Sector
Credit and Financial Services
Total Project Cost
US$ 60.97 million
IFAD Financing
US$ 20.2 million
Co-financiers (International)
Global Environmental Facility US$ 5.33 million
Co-financiers (Domestic)
National Government US$ 8.06 million
Beneficiaries US$ 7.38 million
Financing Gap
US$ 20 million
Financing terms
Blend
Project ID
2000003942
Project Contact
Edith Gathoni Kirumba

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