AIFL Rwanda (IFC-600717)

Countries
  • Rwanda
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 17, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
AIFL
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 1.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 28, 2017

Disclosed by Bank Jan 9, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The IFC AS project will support AIFL to build their Business to Consumer (B2C) segment technical capacity in designing, branding, positioning of market needed fortified nutrition foods . This will be capped with professionalising Coops contracted by credible aggregators like CDI and EAX to supply AIFL with maize and soy from its smallholder farmers. Increased Rwandan maize supply will be achieved by modernizing and developing the local maize and soy supply chains through interventions:

(i) Business Operations, Performance Management and Financial Transformation;

(ii) Management Capacity Building Program to Cooperatives and Small holder farmers;

(iii) Cooperative Governance Capacity Building Program

(iv) Operations efficiency and effectiveness of Irrigations Systems

The CDI and EAX as credible aggregators will support cooperratives with productivity package for farmers comprising: improved seed, fertilizer and training in Good Agricultural Practices supported by viable irrigation schemes.The combination of these interventions is expected to improve farmer yields per season for maize over a five year period.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.
The main development impacts of the project are: Reduced dependence on imported raw materials and reductions in transport-related GHG emissions as approximately 15,000 MT of locally produced maize is used in lieu of imported maize -Increased incomes and poverty reduction amongst 20,000 smallholder farmers in Eastern Rwanda where poverty incidence is estimated by the World Bank to be 60% relative to an internationally comparable poverty line of $1.25/day. The project supports interventions that improve farmer yields for maize per season.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works