First line of credit to Caisse Nationale de Crédit Agricole (CNCA)


Project Summary

Approval Date 16 Mar 1982
Signature Date 07 Oct 1982
Planned Completion Date 30 Jun 1986
Last Disbursement Planned Date 30 Jun 1986
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 31110
Commitment U.A 10,000,000
Status Completion

Project General Description

The present project concerns an agricultural credit line of UA 10 million granted to the Caisse Nationale de Crédit Agricole to finance its operations during the 1982-83 marketing year. The project is expected to contribute to increased crop production that would increase income and thereby improve the socio-economic conditions of participating farmers. At the national level, it should help the Moroccan government achieve its goal of increasing production and food self-sufficiency.

Project Objectives

The main purpose of the loan is primarily to enable small farmers to purchase inputs (seeds, fertilizers, pesticides) and pay the cost of field operations (land preparation, cultivation, harvest) associated with the production of cereals and sugarbeet /cane crops.

Beneficiaries

The direct beneficiary of the credit line is the Caisse Nationale de Crédit Agricole. In addition, the ultimate beneficiaries are the peasants.

Participating Organization

Funding
African Development Bank
Implementing
Caisse Nationale de Crédit Agricole

Information

IATI identifier 46002-P-MA-AZ0-001
Last Update 22 Nov 2020

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Geographic Location

Country Morocco