• Reference: P-MZ-AA0-015
• Approval date: 12/11/2003
• Start date: 11/07/2005
• Appraisal Date: 21/08/2003
• Status: OngoingOnGo
• Implementing Agency: BANCO DE MOCAMBIQUE
• Location: NATIONWIDE

Objective    
The Sector Goal is to contribute to poverty reduction by improving the livelihoods of rural households. The ADF Project Objective is to improve the access of rural households to sustainable rural financial services.

Description     
The ADF Project will support activities under four major components:

• Capacity Building and Institutional Development;
• Support to Outreach Expansion
• Line of Credit; and
• Project Management.

Benefits     The proposed Program, and within it the ADF Project, is a nationwide investment, which addresses key institutional and policy issues critical to the development of a vibrant and sustainable rural financial system. To be effective however, the Program will initially place more focus on those parts of the country where there is a comparative advantage for implementation of the proposed rural finance initiatives. These will generally be in the more dynamic zones in the rural areas of the country with a high productive potential, good access and a greater amount of trade, business and economic activity.

The developmental goal of the Program is to target an estimated 3.5 million rural households in order to reduce their vulnerability and improve their capacity to cope with crisis and manage risk, by increasing their income and assets. This may be achieved through support to services that directly reach them or those that benefit them indirectly by expanding the level of their economic activities.

FATOYINBO Makanjuola Femi - OSAN3

Finance source	Amount
ADF	UAC 15,360,000
Government	UAC 2,650,000
Co-financier	UAC 626,000
Delta	UAC 4,000
Total	UAC 18,640,000