Tab 1
IFAD President urges FG to implement Value Chain Agric. Programme Agric Minister commends IFAD for its support to Nigeria’s Agriculture IFAD Programmes seek new Communication Specialist Nigeria pledges $15m to IFAD in poverty fight IFAD supports Nigeria’s Agricultural Agenda with $500,000 RUFIN MFBs urged to step up lending for the 2012 farming season Refinance: RUFIN mentored MFBs to benefit from BOA’s N1bn fund RUFIN trains Village Savings Groups to be functional, start enterprises RUFIN QUICK FACTS Edo pays N12m 2011 counterpart funds to RUFIN M&E Learning Forum seeks synergy across all IFAD programmes Winrock International to boost the Capacity of RUFIN groups, Staff – Country Director Benue pays N19m counterpart funds, boosts RUFIN Programme Implementation Entrepreneurial Development: RUFIN, SMEDAN in crucial pact BICMFB Ltd Bauchi disburses N10m loans to RUFIN groups ECOBANK pledges to cooperate with RUFIN ABU seeks collaboration with RUFIN, other stakeholders, on Rural Finance Centre RUFIN begins Participatory Rural Appraisal of financial institutions in 12 states RUFIN seeks collaboration with EFINA NAMB Executive Secretary assumes office with a Mission
Tab 2
Understanding Result Based Monitoring & Evaluation - By Mrs. A.U. Ufaruna RUFIN: Creating Financial Opportunities for the YouthHow The Rural Poor Can Access Financial Services RUFIN registers over 5,000 Rural Microfinance InstitutionsMinister wants IFAD to continue the fight against povertyIFAD/RUFIN Program to Boost Nutrition Level of the Akwa Ibom State Rural PoorTab 3
RUFIN Coordinator urges Nigerian MFBS to go global.Imo State pays counterparts to RUFIN, collects project vehicleRUFIN’s Gender Unit wins Innovation grant RUFIN empowers village savings groups, says coordinatorNational sensitization workshops for stakeholders ends on a high noteRUFIN gets Monitoring and Evaluation Committee for programme implementation RUFIN Launches WebsiteDecember Quick Facts
Mon Oct 17 2011
Seven Year Programme
Became effective on 20 January, 2010
1) Covers 12 States and 36 Local Government Areas (3 per State)
2) Programme Cost: $27.2 million
Four participating Institutions: CBN, Bank of Agriculture (BOA), NAPEP & Federal Department of Cooperatives
Implementing Agency: NPAFS ( Federal Ministry of Agriculture and Rural Development)
Programme Objective: Develop and strengthen microfinance institutions and establish linkage between these institutions and formal financing institutions in order to create a viable and sustainable rural financial system
Goal: Improvement of income, food security and general living conditions of the poor rural households particularly women headed households, youth and the physically challenged.
Programme Components & Sub Components:
1. Capacity building & Technical support to Bank and non-Bank Microfinance Institutions. This consists of two sub components:
ü Capacity building for bank and Non Bank Financial Institutions
ü Promotion of Access to Refinance and Linkage facilities
2. Targeted Development & Strengthening Institutional
Environment for Micro-finance Development. This consists of three sub-
Components:
ü Improve policy, legal and institutional framework for cooperatives and RMFIs
ü Implementation support, regulation and supervision of MFB
ü Research, documentation and policy dialogue
3. Programme Coordination and Management
Milestones: (As at August, 2011)
2716 RMFIs linked to 32 MFBs and 10 Financial NGOs
56 RMFIs Apex Organisations formed/or strengthened
2,125 Active borrowers ( 1, 392 Men; 733 Women; 1,218 Male & Female Youth; 22 Male & Female physically challenged)
658 RMFIs are receiving services from Apex Organisations
N25,909,161.35 – Voluntary savings mobilized