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Agricultural Credit Project

Agricultural Credit Project

Almost all crops in Ethiopia are produced in the highlands, and farmers there depend on oxen for draught power. To address production problems, the project financed the purchase of work oxen in areas where land was not being cultivated because of a shortage of draught capacity. The project also provided credit for the purchase of dairy heifers, to increase the production of meat and milk, and for the construction of grain and oil mills and storage facilities. With additional draught power, farmers were able to increase the amount of land they cultivated and expand crop production.

Source: IFAD


Status: Closed

Country

Ethiopia

Approval Date

12 September 1983

Duration

1983 - 1990

Sector

Credit and Financial Services

Total Project Cost

US$ 16.27 million

IFAD Financing

US$ 10.97 million

Co-financiers (Domestic)

National Government US$ 5.29 million

Financing terms

Highly Concessional

Project ID

1100000131


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