RURAL FINANCE PROJECT

PROJECT OBJECTIVES AND COMPONENTS

The original design of the project included four components. These were:

·        Development of savings and credit associations of citizens;

·        Establishment of the legal framework and creation of the State Supervisory Body for SCAs;

·        Establishment of the Rural Finance Corporation;

·        Rural credit line for SCAs.

The Project was very significant and had a major importance because it ensured access to the lending resources for the poorest social layer - small-scale farmers, and, by attracting collective savings from SCAs’ members, it included in the legal economic circuit population’s savings.