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Information Sheet of Rice Related Project/Program in CARD First Group Countries
1. Country Uganda
2. Title (Full name) Rural Financial Services Programme
3. Project Location Throughout the country
4. Type of project 2
1. Grant, 2. Loan, 3. Technical Coop./Assistance, 4. National budget, 5. Private sector
5. Field of support 5
1. Policy, 2. R & D, 3. Extension & Training, 4. Production, 5. Marketing
6. Post-harvest, 7. Irrigation, 8. Credit, 9. Seed, 10. Other ( specify below )
10.
6. Fund sources
(Funding agency)
International Fund for Agricultural Development (IFAD)
7. Budget Total cost: US$24.5 million
IFAD loan: US$18.4 million, Government of Uganda: US$ 1.10 million, Microfinance institutions: US$ 4.63 million, Beneficiaries: US$ 352 827
8. Project duration Start: 2004
(dd/mm/yy) End: 2011
9. Goal and objectives Goal: Reduction of rural poverty through sustained increase of on-farm and off-farm incomegenerating activities resulting from increased access to financial services.
Obj.: Contribute towards the development of a sustainable and responsive rural microfinance industry through:
(a) strengthening the institutional capacity and rural accessibility of Microfinance Institutions (MFIs); and
(b) enhancing the rural population’s capacity to access financial services for income generation.
10. Target beneficiaries Direct: Microfinance Institutions (MFIs)
Sec.: 26,000 households
11. Project component (activities) 1. Promotion of Products Innovation:
· Matching grants to study and/or pilot test innovative rural financial products, particularly those with an agricultural or HIV/AIDS dimension
2. Rural Area Penetration:
· Matching grants to establish new community-based MFIs
· Matching grants to set up new branches for existing MFIs
· Matching grants to start rural subbranches of formal banks
· Matching grants to start up new agricultural schemes in existing formal bank branches
3. Strengthening of Training Market:
· Matching grants to develop appropriate training courses for rural MFIs by service providers
· Matching grants to train local trainers in course concepts developed
4. MFI Capacity-Building:
· Matching grants for MFI to procure capacity-building services from local training market
· Matching grants to MFIs to procure basic equipment linked to capacity improvements
5. Promotion of a Rural Business Culture:
· Technical and business skills training
· Functional literacy training
· Radio programmes on business culture, HIV/AIDS, etc.
· Exchange of experience by farmers, service providers
6. Support to Apex Structures:
· Training and provision of equipment
· Financing of information programmes
· Partial financing of AMFIU’s operating costs after PY-3
7. MFI Upgrading Scheme:
· Grants and advisory services to MFIs to support their transition to microfinance deposit-taking institutions
8. Programme Administration and Monitoring:
· Establish PAU and MIS
· Contract implementing agencies
· Carry out mid-term evaluation
12. Expected results (outputs) 1. Promotion of Product Innovations:
The introduction of innovative financial products that enhance the benefit from rural financial services.
2. Rural Area Penetration:
Increased supply of microfinance services in rural areas through the expansion of viable service networks into underbanked areas.
3. Strengthening of Training Market:
Improved access to appropriate capacity-building services by microfinance providers with rural orientations
4. MFI Capacity-Building:
Improved capacity of the microfinance training service providers to satisfy the demand by microfinance institutions.
5. Promotion of a Business Culture:
Improved knowledge and skills of rural clients to increase production for market and to use financial services effectively.
6. Support to Apex Structures:
· Apex structures (AMFIU, Uganda Cooperative Alliance and UCSCU) are strengthened to perform the role of network coordinators and promote MFI expansion and self-regulation
· Commercial activities developed to increase apex institutions’ sustainability
· Regular audits of MFIs by apexes
· MFI performance monitoring and setting performance standards
7. MFI Upgrading Scheme:
A growing number of qualified MFIs upgraded into microfinance deposit-taking institutions.
8. Programme Administration, Monitoring and Evaluation:
RFSP is implemented efficiently and relevant data is generated regularly by the management information system.
13. Inputs 1. Activities cost
2. Grant
14. Implementing agency Executing Agency: Ministry of Finance, Planning and Economic Development (MFPED)
15. Status of the project 3 1. Pipeline, 2. Approved, 3. Ongoing, 4. Completed
16. Issues/problems
Keywords: Microfinance, Business