| Project Detail |
The fourth Indicative Cooperation Programme (PIC IV) between the Republic of Niger and the Grand Duchy of Luxembourg has two strategic and interdependent objectives: contributing to the development of human capital and the strengthening of inclusive governance in Niger.
PIC IV recognizes financial inclusion as one of the main levers for socio-economic development and poverty reduction and aims to support the implementation of Nigers national inclusive finance strategy (SNFI) and promote access for vulnerable populations to sources of financing in line with the Financial Inclusion Development Fund (FDIF) and the Food and Nutrition Security Investment Fund (FISAN) on the one hand, and the National Support Fund for Small and Medium Enterprises and Industries (FONAP) on the other.
The NIG/032 programme is part of this approach by aligning itself with the orientations of national policies and strategies and with the general strategy of Luxembourg Cooperation.
Improving access to financial services for vulnerable populations, particularly women and young people, is the overall objective of the programme and forms one of the five areas of intervention of PIC IV. The specific objective of PADIF is to improve access to financial services for vulnerable populations and stakeholders in the agricultural sector. PADIF will contribute to increasing their potential for professional integration and the creation of sustainable jobs.
In this context, the PADIF, which is implemented by ADA, a Luxembourg NGO, has developed three areas of intervention in order to contribute to obtaining the expected results in favor of the financial inclusion of populations in a sustainable manner:
the environment is equipped with support mechanisms promoting the development of the inclusive finance sector;
the microfinance sector is consolidated and made up of efficient decentralized financial systems;
Financial service providers have developed financing solutions for value chain players.
To this end, ADA supports microfinance institutions identified jointly with LuxDev so that they can offer appropriate financial services to beneficiaries of the NIG/028 - Employment and Employability programme, particularly with a view to the self-employment of young people and women. As part of this support, ADA also experiments with new innovative approaches to reduce financing risks.
The project is supervised by the Ministry of Finance, to which the Executive Secretariat of the National Strategy for Inclusive Finance (SE-SNFI) is attached. With a budget of EUR 15 million, the PADIF consists of a technical assistance and capacity building component (EUR 3.5 million) to be implemented by ADA and a funding component (EUR 11.5 million) to be implemented by LuxDev. |
