Equatorial Guinea - Poverty Reduction Project


Project Summary

Approval Date 14 Dec 1993
Signature Date 01 Feb 1994
Planned Completion Date 30 Jun 2006
Last Disbursement Planned Date 28 Feb 2006
Sovereign / Non-Sovereign Sovereign
Sector Social
DAC Sector Code 43010
Commitment U.A 1,801,909.52
Status Completion

Project General Description

The Poverty Reduction Project aims to mitigate negative impacts of the structural adjustment programmes embarked upon from 1988. It’s designed in response to the desire by the Government of Equatorial Guinea to implement a poverty reduction project. The project should involve intermediation structures such as NGO/CBOs to manage the micro-credit award and recovery scheme. The expected outputs are: i) Putting in place of credit networks; ii) Credit to micro-enterprises Implementation of microenterprises Self-sustained system; iii) Granting of credits to the poor and vulnerable group. The project has four (4) components, namely: (i) Micro credit for Income Generating Activities (IGAs); (ii) training and institution building; (iii) community support to investment initiatives; and (iv) Project Management.

Project Objectives

The project objective is to promote micro-enterprises with a view to creating employment and increasing the incomes of poor and vulnerable people in the country.

Beneficiaries

The primary beneficiaries of the project are the poor and vulnerable people/groups in the country. Secondary beneficiaries include NGOs, Micro Credit organisations as well as government institutions managing the project.

Participating Organization

Funding
African Development Fund
Extending
Government Of Equatorial Guinea
Implementing
GOUVERNEMENT DE GUINEE-EQUATORIALE MINISTERE DE L'ECONOMIE ET DES FINANCES

Information

IATI identifier 46002-P-GQ-IE0-001
Last Update 31 Oct 2019

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Contact Details

Name EYEGHE Ali
Email a.eyeghe@afdb.org

Geographic Location

Country Equatorial Guinea