Egypt - Rural Income and Economic Enhancement Project (RIEEP)

Project Summary

Approval Date	13 Jan 2010
Signature Date	17 Feb 2010
Planned Completion Date	31 Dec 2015
Last Disbursement Planned Date	30 Dec 2015
Sovereign / Non-Sovereign	Sovereign
Sector	Social
DAC Sector Code	11330
Commitment	U.A 54,503,741.52
Status	Completion

Project General Description

The rural income and economic enhancement project (RIEEP) is initiated in order to fill a gap in the financial market and create opportunities to improve agriculture-derived livelihoods of poor rural producers and enable smallholder producers to benefit from efficient markets and local-level value addition. The project is a sovereign long term loan to the Government of Egypt with a subsidiary on-lending agreement to the Egypt SFD which will on-lend the loan to Partner Financial Intermediaries (PFIs) for lending to agribusiness enterprises. The project with an overall cost of USD73 million for a five-year period will seek to provide finance to at least 4,800 small scale agribusiness enterprises and 20,000 micro enterprises, creating over 60,500 jobs over the 5-year period of the project. The project comprises two (02) components, namely: capacity building and access to finance.

Project Objectives

The objective is to improve the socio-economic livelihood of the economically active rural smallholder farmers engaged in the production, processing and marketing of selected agricultural commodities. The project objectives is to improve the socioeconomic livelihood of the economically active rural smallholder farmers.

Beneficiaries

The principal target group for the project is the economically active rural poor who have the potential to embark on business ventures which will bring value addition to their onfarm and off-farm commercial activities. Gender considerations will be made in the selection of beneficiaries.

Participating Organization

Funding

African Development Bank

Funding

Fund for African Private Sector Assistance

Funding

Middle Income Countries Fund

Implementing

Fonds social pour le développement (FSD)

Implementing

Social Fund for Development (SFD)

Extending

Government of Egypt

Information

IATI identifier	46002-P-EG-IE0-003
Last Update	24 Mar 2023

Export

Contact Details

Name	Gehane EL SOKKARY
Email	g.elsokkary@afdb.org

Geographic Location

Country	Egypt

Coordinates	Location Name
27.2 31.1	Muhafazat Asyut
28.4333 30.7	Muhafazat al Minya
26.5 31.7	Muhafazat Suhaj

Project Classification

Finance Type	Aid Loan Excluding Debt Reorganisation
Flow Type	ODA
Aid Type	Project Type Interventions

Commitments

U.A 54,503,741

African Development Bank

U.A 53,192,701.2

Fund for African Private Sector Assistance

U.A 711,040.32

Middle Income Countries Fund

U.A 600,000

Disbursements

Repayments (Interest & Loan)

Document Type	Language	Document
Appraisal report	en	Egypt - Rural Income and Economic Enhancement - Appraisal Report
Appraisal report	fr	Egypte - Amélioration du revenu et de la situation économique en milieu rural - Rapport d évaluation
Contract	en	listing of awarded contracts from 2015 to 2020 as at february 2021
Contract	en	listing of awarded contracts from 2014 to 2019 as at october 2019
Contract	en	Listing of Awarded Contracts from 01 January 2000 to 4 May 2015 - Eng
Contract	en	listing of awarded contracts from 2014 to 2019 as at january 2020
Contract	en	LISTING OF AWARDED CONTRACTS FROM 2013 TO 2018 AS AT SEPT 2018
Contract	en	LISTING OF AWARDED CONTRACTS FROM 2013 TO 2018 AS AT APRIL 2019
Contract	en	LISTING OF AWARDED CONTRACTS FROM 2012 TO 2017 AS AT MAY 2017-1-1
Contract	en	LISTING OF AWARDED CONTRACTS FROM 2012 TO 2017 AS AT OCT 2017
Contract	en	LISTING OF AWARDED CONTRACTS FROM 2011 TO 2016 AS AT JANUARY 2017
Contract	en	Egypt - An Index-Based Crop Insurance Pilot Study for The Horticulture Sector With a focus on Upper Egypt Financed under the FAPA Subcomponent as a part of The Rural Income and Economic Enhancement project - Contract Award
Contract	en	LISTING OF AWARDED CONTRACTS FROM 2013 TO 2018 AS AT JAN 2019
Contract	en	Listing of Awarded Contracts from 01 January 2000 to 16 April 2014
Evaluation Report	en	PN10674 SR EN
Expression of interest	en	EOI - Egypt - Conduct a Beneficiary Satisfaction and Impact Assessment of the RIEEP Project Activities - 07 2015
General Procurement Notice	en	Egypt - Rural Income and Economic Enhancement Project RIEEP - Project Procurment Plan
Project Completion Report	en	Egypt-Rural Income and Economic Enhancement Project
Project Completion Report	fr	Egypte-Projet d amélioration du revenu et de la situation économique en ...
Project Completion Report	en	PR10712 SR EN

Indicator	Indicator Measure	Target Year	Target Value	Actual Year	Actual Value
Jobs created	Number	2010	37926.0	2016	67373.0
Jobs created - of which women	Number	2010	18963.0	2016	33686.5
Microcredits granted	Number	2010	24000.0	2016	81693.0
Microenterprises created	Number	2010	10.0	2016	23.0
Microfinance clients trained in business management	Number	2010	255.0	2016	869.0
People benefiting from microfinance and social activities	Number	2010	24255.0	2016	82485.0
People benefiting from microfinance and social activities - of which women	Number	2010	10914.75	2016	37118.25
Government / NGO staff trained in microfinance management - of which women	Number	2010	92.88573072497121	2016	316.54
Microenterprises created - earned by women	Number	2010	5.0	2016	11.5