AIFL Rwanda (IFC-600717)

Countries
  • Rwanda
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
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Feb 17, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
AIFL
The holder of the loan, grant, or other investment.
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, converted to USD$. Please see updated project documentation 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

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
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
  • International Finance Corporation (IFC)
Contact Information
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