Credit and Savings Associations

Project completed

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
Employment & economic development
Informal banking & insurance
Employment creation
SME development
01.08.2008 - 31.07.2012
CHF  3’600’000
Directorate/federal office responsible SDC
Credit area Development cooperation
Project partners Contract partner
International or foreign NGO
  • Other international or foreign NGO North

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   (Completed) Phase 3 01.04.2018 - 31.12.2020   (Completed) Phase 2 01.07.2012 - 31.12.2017   (Completed)

Phase 1 01.08.2008 - 31.07.2012   (Completed)