In 2007, AAAID launched an initiative to set up a revolving loans fund to finance projects for small farmers in various Arab countries; this is because more than 90% of the rural and semi-rural population in the Arab countries are involved in the agricultural sector, and are mostly small farmers.
In 2008, the Fund was approved with a proposed capital of USD 100 million, out of which AAAID contributes USD 10 million. The Fund is used to provide revolving loans to small farmers in various Arab countries. AAAID seeks to mobilize resources for the program from various funding institutions, while overseeing the lending operations and providing agricultural services to farmers.
No |
Program |
Country |
Number of Households |
Beneficiaries |
---|---|---|---|---|
1 |
USD 2 million financing line for the Agricultural Credit Corporation |
Jordan |
330 | 1,650 |
2 |
USD 2 million financing line for the popular savings and loan funds network |
Mauritania |
- | - |
3 |
A fishing boat project for small fishermen |
Comoros |
10 | 100 |
4 |
Project of irrigated vegetables production |
Mauritania |
120 | 600 |
5 |
Project of irrigated fodder production |
Mauritania |
180 | 900 |
6 |
Small farmers programs |
Sudan |
600 | 3,000 |