Project

Agriculture Services Programme for an Inclusive Rural Economy and Agricultural Trade (ASPIRE-AT)

Sector

Agricultural development

Financing chart
Financing Gap (USD)
20,000,000
Target group
125,000
Households
Project target area

Nationwide

 
Summary
The Agriculture Services Programme for an Inclusive Rural Economy and Agricultural Trade (ASPIRE-AT) project aims to decrease rural poverty and vulnerability and increase climate resilience of Cambodian rural households through achieving inclusive and sustainable agriculture sector growth based on exports and domestic markets and through increasing the incomes of rural producers and workers.
Components and Objectives
ASPIRE-AT has three interlinked components:
Component 1: Productive and resilient assets for producer organisations. It aims to finance investments that are identified in the business plans of producer organisations that have achieved a required level of capacity.
Component 2: Business partnership and market access. It aims to support public and private investment to increase the number and competitiveness of agri-businesses operating in priority value chains and the associated enabling public goods and services to support competitive export growth.
Component 3: Aggregating farmers and integrating them in value chains. It aims to support existing producer organisations to achieve the scale and institutional capacity required to provide effective services to their members, be attractive partners for agri-business and to qualify for investment financing under Component 1.
Financing

Total project cost

194,050,000

IFAD financing
 

24.7 %
47,900,000
47,900,000
IFAD

International cofinancing

31.4 %
60,860,000
300,000
South South Triangular Cooperation
60,560,000
European Investment Bank

National cofinancing

33.7 %
65,290,000
42,930,000
Domestic Financing Institutions
19,150,000
National Government
2,160,000
SME
1,050,000
Beneficiary Farmer

Financing
gap

10.3 %
20,000,000

Approval date

December 13, 2022

Expected duration

2022 –
2030

Lending terms

Blend

Income level

Lower-middle Income

Replenishment cycle

IFAD 12

Implementing agency

Ministry of Agriculture Forestry and Fisheries

Contact information

Country Director: 
Frew  
Behabtu 
Email: f.behabtu@ifad.org