Rural Agro-enterprise Partnerships for Inclusive Development and Growth (RAPID)

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Rural Agro-enterprise Partnerships for Inclusive Development and Growth

Capitalizing on market opportunities for rural poverty reduction requires investments in associated agricultural value chains. The proposed Rural Agroenterprise Partnerships for Inclusive Development and Growth Project (RAPID) will provide critical public goods and services needed for the development of collaborative frameworks and financing facilities that improve agricultural performance and reduce rural poverty and malnutrition.

Upgrading these value chains entails: linking agroenterprises with smallholders; improving smallholders’ access to productive capital, knowledge and technology; and improving agroenterprises’ access to agricultural produce of sufficient quality and quantity, as well as to investment capital. 

Status: Ongoing
Country
Philippines
Approval Date
17 April 2018
Duration
2018 - 2025
Sector
Credit and Financial Services
Total Project Cost
US$ 95.12 million
IFAD Financing
US$ 65.4 million
Co-financiers (Domestic)
Domestic Financing Institutions US$ 12.44 million
National Government US$ 10.78 million
Beneficiaries US$ 2.07 million
Private sector local US$ 2.84 million
Financing Gap
US$ 1.6 million
Financing terms
Ordinary
Project ID
2000001200
Project Contact
Alessandro Marini

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Year: 2017

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