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Rural Finance Support Programme

Rural Finance Support Programme (PAFIR)

The goal of this programme is to stimulate economic growth and contribute to poverty reduction by improving the livelihoods of rural households and boosting the viability of enterprises in rural areas of Mozambique. To achieve this goal, the programme improves sustainable access to appropriate financial services for individuals, groups and enterprises in rural areas, while creating a conducive institutional and policy environment for the long-term sustainability and diffusion of rural financial services. 

The programme provides funds and technical assistance to help financial institutions reach out and extend financial services to remote rural areas. At the same time, it helps to organize smallholder farmers, artisanal fishers and other poor people in remote rural communities into self-managed financial associations – thereby facilitating improved management of their own economic resources. 

There are four components to the programme:

  • Institutional, policy and legislative support
  • Innovation and outreach facility
  • Support for community-based financial institutions
  • Economic Development Support Fund (FARE) and programme management.
 

EU Food Facility in Mozambique: video

Source: IFAD


Status: Closed

Country

Mozambique

Approval Date

18 December 2003

Duration

2003 - 2013

Sector

Credit and Financial Services

Total Project Cost

US$ 34.31 million

IFAD Financing

US$ 9.46 million

Co-financiers (International)

African Development Bank US$ 16.35 million

African Development Fund US$ 5.45 million

Co-financiers (Domestic)

National Government US$ 1.94 million

Financing terms

Highly Concessional

Project ID

1100001267

Project Contact

Ambrosio Barros


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Supervision and implementation support documents

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