Financial Inclusion: IFAD extends PNER by one more year, due to its good performances

Agriculture
Monday, 17 February 2020 12:20
Financial Inclusion: IFAD extends PNER by one more year, due to its good performances

(Togo First) - The national project for the promotion of rural entrepreneurship (PNER) was extended for one more year, while it was supposed to end last year December, 30th. The decision was taken by the International Fund for Agricultural Development (IFAD), partner on the initiative, which said the extension should consolidate its achievements. 

So far, the PNER has financed around 160 entrepreneurs with XOF1.13 billion, according to the latest review of the project in December 2019. These good performances, paired with new synergies between the PNER and IFAD, spurred its extension. 

Backed by the government, the PNER should help create 1800 micro and small businesses in rural areas. Estimated cost for the project to achieve this result is XOF19 billion. 

The current extension, sources close to the project indicate, could be increased by another six months.

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