Mozambique - Rural Finance Intermediation Support Project

The Rural Financial Intermediation Support Project (RUFISP) is initiated as part of the Rural Finance Support Program to contribute to poverty reduction through the improvement of rural livelihoods existence of rural households. It's consistent with the Bank Group strategy for the promotion of rural finance intermediation, and within the national strategies and policies of the Government of Mozambique. This project should support the establishment of a rural intermediation mechanism that promotes both savings and credit, in addition to the development of the appropriate rural finance infrastructure. Indeed, the widespread availability of micro and rural finance services will have a direct impact on agricultural production and diversified income generating activities for rural folks, which will in turn result in poverty reduction for rural households. The implementation of RUFISP is planned over a period of six years with an estimated total cost of UA 18.64 million. It consists of four main components, namely: A) Capacity and Institution Building, B) Support for Service Expansion, C) Line of Credit, and D) Program Management.