We use Cookies. Read our Terms
- Where we work
- Support Programme for Rural Micro Enterprise Poles and Regional Economies (PROSPERER)
Support Programme for Rural Micro Enterprise Poles and Regional Economies (PROSPERER)
Madagascar
| Borrower | Madagascar |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Agriculture |
| Approved | 18.06.2008 |
| Signed | 04.11.2008 |
| Status | Completed |
| Loan Administrator | IFAD |
| Executing Agency | The Federation of Chambers of Commerce and Industry, under the aegis of the Ministry of Agriculture, |
| Co-financiers | IFAD, UNCDF, Beneficiaries, Government, IFAD |
| OPEC Fund Contribution (US$m) | 5.00 |
| Total Project Cost (US$m) | 26.62 |
The project will cover 19 districts in five regions (Analamange, Itasy, Upper Matsiatra, Vatovavy and Sofia), populated by 6.6 million people. Targeted beneficiaries are Rural Micro- Enterprises (RMEs) that employ fewer than five workers, and Small Rural Enterprises (SREs) that engage between five and 15 employees. The program’s components include identification and mobilization of RMEs/SREs, as well as providing them with business development services and vocational training. Additionally, rural finance and risk mitigation management are planned. OFID’s loan will specifically co-fund the development of infrastructure. Other works include the installation of power generators, construction of multi-purpose business centers, building plant breeding facilities and 17 agricultural-processing facilities. Some 48,000 rural enterprises, half of which are owned by women, will benefit from the project.