According to International Fund for Agricultural Development (IFAD) Senior Rural Finance Adviser, Michael Hamp, “Approximately 17 percent (more than USD 700 million) of IFAD’s portfolio of loans and grants is focused on rural financial services, making IFAD one of the top ten funders of microfinance worldwide.” IFAD, an agency of the United Nations, works to alleviate rural poverty in developing countries.
IFAD indicates that it will focus on the importance of providing financial products and tools in sub-Saharan Africa in an effort to promote rural development and financial growth.
By John Crawford, Research Associate
About IFAD
The International Fund for Agricultural Development (IFAD), an agency of the United Nations, was established in 1977 as an outcome of the 1974 World Food Conference. IFAD is dedicated to eradicating rural poverty in developing countries by focusing on country-specific solutions. In 2010 IFAD invested a total of USD 2 billion.
Sources and Additional Resources
[1] http://www.ghanabusinessnews.com/2012/05/21/ifad-says-over-700m-of-loans…
MicroCapital Universe Profile: International Fund for Agricultural Development
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Int…
MicroCapital.org story, MICROFINANCE EVENT: European Marketing Research Center (EMRC) Presents “African Finance & Investment Forum 2012: Financial Inclusion through SMEs & Cooperatives”, June 17 – 19, 2012, Utrecht and Floriade – Venlo, Netherlands,
https://www.microcapital.org/microfinance-event-european-marketing-resear…
MicroCapital.org story, MICROCAPITAL BRIEF: Luxembourg Fund Labeling Agency (LuxFLAG) Certifies Access Africa Fund with ‘Microfinance Label,’
https://www.microcapital.org/microcapital-brief-luxembourg-fund-labeling-…
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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