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Agricultural Development Project

Agricultural Development Project


This was the organization’s first project in Georgia and was initiated and co-financed by the World Bank.  The target group included small-scale farmers who had recently received land, villagers with small plots, livestock farmers in mountain areas, potential rural entrepreneurs and rural women. The project assisted the government in:

  • transferring commercially viable agricultural assets and activities to the private sector
  • establishing efficient financial systems to respond to the needs of small-scale farmers and agro-industries
  • setting up an appropriate institutional environment for private agriculture and agro-processing

Activities focused on improving access to credit for enterprises, setting up a countrywide network of credit unions and supporting a land registration scheme. At project’s closing, more than 12,000 rural people had gained access to retail financial services for the first time since independence. A number of credit unions are still active, constituting evidence that the model can be made to work.

Source: IFAD

 


Status: Closed

Country

Georgia

Approval Date

30 April 1997

Duration

1997 - 2005

Sector

Credit and Financial Services

Total Project Cost

US$ 27.1 million

IFAD Financing

US$ 6.57 million

Co-financiers (International)

World Bank: International Development Association US$ 15.04 million

Co-financiers (Domestic)

Private sector local US$ 1.1 million

Beneficiaries US$ 3.89 million

Financing terms

Highly Concessional

Project ID

1100001035


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