PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

609582

Primary Business Area

Financial Institutions Group

Disclosure Date

Feb 26, 2025

Country

Ethiopia

Region

Africa

IFC Approval Date

Feb 6, 2025

Status

Active

Estimated Total Budget

$900,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 27, 2025

Project Estimated Start Date

Feb 1, 2025

Project Estimated End Date

Jun 30, 2027

Project Description

By digitizing and including rural farmers in the financial ecosystem, this project can enable greater access to a range of financial services, beginning with payments but eventually moving into credit, insurance and others. Kifiya is one of the leading agtechs in the country, which aims to digitize one million farmers and leverage an agent network for cash-in/cash out. The project will be implemented through the following components: • Component 1: Last-Mile Distribution/Enhancing Agent Networks: • Component 2: Onboarding SHFs/Customers Acquisition:

Development Results

E&S Risks / Impacts and Mitigation