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Rural Enterprises and Agricultural Development Project

The project intends to contribute to rural economic development and poverty reduction by improving livelihoods, generating revenue and enhancing the living standards of target households through their engagement in profitable agribusiness and employment opportunities. It will support the country's efforts to modernize agriculture and improve food security and incomes of commercial and non-commercial farmers as well as of on- and off-farm enterprises.

Project activities will focus on the enhancement of economic opportunities and smallholder integration in value chains through three mutually-reinforcing sub-components:

  • development and implementation of pro-poor business plans based on the 4Ps approach;
  • development of farmers’ organisations through advisory services and financial support; and
  • development of the required infrastructure to support the pro-poor business plans

READP aims to promote the inclusion of very poor and poor non-commercial farmers, women and youth in selected value chains by developing ten clusters across the whole country. Direct beneficiaries include some 8,650 households; indirect beneficiaries, mainly from the project's infrastructure investments, are expected to be 5,000 households.

President's report:

Status: Approved

Approval Date

13 April 2018

Duration

2018 - 2023

Sector

Credit and Financial Services

Total Project Cost

US$ 34.06 million

IFAD Financing

US$ 14.5 million

Co-financiers (Domestic)

Private sector local US$ 7.59 million

National Government US$ 5.2 million

Beneficiaries US$ 3.88 million

Local Government US$ 2.89 million

Financing terms

Ordinary

Project ID

2000001813

Project Contact

Mikael Kauttu


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Project design reports

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