The theory of change of RFCIP2 is that access to a wide range of financial services and products would provide rural individuals, groups and small enterprises to build wealth (through accumulation of assets through savings), leverage debt with loan products, engage in efficient financial transactions with payment and remittance services and mitigate potential losses with risk management products.
IFAD continues its traditional support to align its development assistance to the Government of Sierra Leone in line with policy objectives and priorities, which has a strategic pillar on Access to Finance. To this end, under the RFCIP2 Second Additional Financing (AF2), the amount of US$4 million allocated to the Temporary Investment Fund (TIF) and US$7.5 million to the Agricultural Financing Facility (AFF) loanable resources would be deployed with the benefits of the lessons learned in their previous itineration under RFCIP2, but this time to introduce improvements in their operational deployment to strengthen the smallholder farmers and rural enterprises in the IFAD target group to develop effective partnerships among farmers and other value chain actors to crowd in additional resources from Government of Sierra Leone (GoSL) and development partners to advance the country’s development agenda.