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Smallholder Agricultural Credit Project

Smallholder Agricultural Credit Project

The IFAD-initiated project was supported by the World Bank. It instituted a coordinated, national smallholder credit system, which formed the basis for expansion to a system of rural finance that promotes savings and credit and considers the special credit needs of the poorest rural people.

The project introduced The Malawi Mudzi Fund, a pilot financial scheme for small-scale farmers, serving their needs for credit and savings and enabling them to engage in small, off-farm enterprises to improve their income.

 

Source: IFAD


Status: Closed

Country

Malawi

Approval Date

02 December 1987

Duration

1987 - 1994

Sector

Agricultural Development

Total Project Cost

US$ 14.24 million

IFAD Financing

US$ 6.71 million

Co-financiers (International)

World Bank: International Development Association US$ 5.92 million

Co-financiers (Domestic)

National Government US$ 1.61 million

Financing terms

Highly Concessional

Project ID

1100000212


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