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Rural Microfinance Development Support Project

Rural Microfinance Development Support Project

  

The goal of the Rural Microfinance Development Support Project (PADMIR) is to reduce the poverty of the target group through increased incomes and enhanced food security. The project is aligned with Cameroon’s microfinance policy. It will serve as a support mechanism to finance family farms in their efforts to improve agricultural productivity and diversify their livelihoods by:

  • Creating a more conducive environment for microfinance that better addresses the difficulties posed by rural finance;
  • Providing access to the most disadvantaged rural people, especially women and young people, to services that meet their needs by strengthening existing microfinance networks and institutions operating in rural areas and offering services to the target group, widening outreach and developing appropriate services and products.

PADMIR was launched in January 2011 and will close in 2016.

Source: IFAD


Status: Closed

Country

Cameroon

Approval Date

11 September 2008

Duration

2008 - 2017

Sector

Credit and Financial Services

Total Project Cost

US$ 25.42 million

IFAD Financing

US$ 16.68 million

Co-financiers (Domestic)

National Government US$ 2.47 million

Beneficiaries US$ 5.93 million

Financing terms

Highly Concessional

Project ID

1100001362

Project Contact

Mwinyel Bernard Hien


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Interim (mid-term) review report

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