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2014 Micro Finance Unit. Another Design by: The Advertising Agency
The Micro Finance Unit (MFU) is a semi-autonomous body
under the auspices of the Ministry of Finance (MoF) to
facilitate the institutional development of the local micro
finance sector. The Unit was established under IFAD Loan
(Rural Finance and Enterprise Development Programme)Act
2010.This is a six year, country-wide initiative, jointly financed
by the Government of Swaziland (GoS) and the International
Fund for Agricultural Development (IFAD).
The total direct Programme cost is USD 9.315 million. Of this
IFAD contributes USD 6.0 million (64%) and the GoS USD
2.290 million (25%). In addition, target groups and associated beneficiaries would contribute in
kind USD 1.025 million (11%) for direct participation in the Programme. The Programme entered
into force on September 30, 2010 and will conclude on September 29, 2016.
The Programme responds to a critical need to develop on-farm and off-farm business opportunities
for the rural poor through capacity building of technical and business skills along with the
extension of mechanisms to increase access to rural financial services.
Goal: To reduce poverty and contribute to the overall economic development of poor rural
households in Swaziland.
Purpose: To increase incomes, improve business opportunities and augment access to
sustainable rural financial services for the rural poor.
Objectives: To provide the rural poor with access to efficient and effective financial services on
a sustainable basis; to develop en enabling and enhanced environment for business
development in rural areas; and, to establish/develop micro and small-scale enterprises (on
and off-farm) as well as business services in rural areas.
Targeting:The Programme’s target groups are; a) the most vulnerable and marginalised groups,
HIV and AIDS affected households, orphans, child-headed households and subsistence
producers; b) active poor households that can seize income-generating opportunities if
orchestrated support and mentoring is provided and c) households aspiring to develop small-
Support training of
trainers for local
service providers to facilitate
mentoring and coaching for the
Carry-out field visits to monitor
the performance of the
entrepreneurs and conduct
periodic Business Clinics to
address key constraining factors
and link participating
entrepreneurs to the value chain
data needs for the
markets and financiers and
determine more cost-effective
mechanisms for the generation
and dissemination of such data.
News Letter - January
Goal: To reduce poverty and contribute to the overall economic development of poor rural households in
MICRO FINANCE UNIT
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