Credit and Savings Associations
SDC financed the first phase of the “Rede das Caixas Rurais de Nampula” RCRN as part of the “Rural Development Programme”. The French organisation IRAM has been implementing the RCRN, and would continue to do so in the proposed second phase. As the project would be integrated into the Economic Development Domain of the Swiss Development Cooperation in Mozambique, SDC would conclude a contract directly with IRAM. The RCRN project has initiated and supported the establishment of community-based credit and savings associations in rural districts of Nampula Province. The General Objective of the proposed second phase is the creation of a commercially viable financial institution serving the credit and savings needs of people previously unable to access financial services, with a special focus on rural areas. To reach this objective, the second phase of the RCRN would focus on strengthening credit management in existing caixas, expanding the caixa network towards economically more dynamic areas (portfolio diversification), and introducing new products (e.g. SME loans).
Country/region | Topic | Period | Budget |
---|---|---|---|
Mozambique |
Employment & economic development nothemedefined
Informal banking & insurance
Employment creation SME development |
01.08.2008
- 31.07.2012 |
CHF 3’600’000
|
- Other international or foreign NGO North
-
Sector according to the OECD Developement Assistance Commitiee categorisation BANKING AND FINANCIAL SERVICES
OTHER SOCIAL INFRASTRUCTURE AND SERVICES
INDUSTRY
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Informal and semi-formal financial intermediaries
Employment policy and administrative management
Small and medium-sized enterprises (SME) development
Cross-cutting topics Specific project on gender equality
The project takes account of gender equality as a cross-cutting theme.
Type of support Official development assistance (ODA)
Type of collaboration Bilateral cooperation
Finance type Aid grant
Aid Type Project and programme contribution
Tied/untied aid Untied aid
Project number 7F06373
Directorate/federal office responsible |
SDC |
Credit area |
Development cooperation |
Project partners |
Contract partner International or foreign NGO Implementing partner Implementing Partner
|
Budget | Current phase Swiss budget CHF 3’600’000 Swiss disbursement to date CHF 3’750’333 |
Project phases |
Phase
5
15.05.2024
- 31.12.2027
(Current phase)
Phase 4
08.03.2021
- 31.03.2024
(Active)
Phase 3
01.04.2018
- 31.12.2020
(Active)
Phase 2
01.07.2012
- 31.12.2017
(Active)
Phase 1 01.08.2008 - 31.07.2012 (Active) |