RUFIPP aims to increase communities’ resilience against the economic and environmental shocks and improve the livelihoods of poor, excluded people. The development objective of the RUFIPP is to improve the resilient economic growth and incomes of smallholder farmers and expansion of small holders and rural enterprises through increased awareness and knowledge about financial services and enhanced access to appropriate and affordable financial products. This will be achieved through building the capacity of smallholder farmers, micro-small and medium enterprises, financial institutions and a supportive policy environment through technical assistance, research and improved coordination.
RUFIPP has three main components:
Component 1: Inclusive rural finance literacy and awareness raising. It will address the low levels of financial literacy and the limited business expertise of smallholder farmers and Micro and Small enterprises in Palestine.
Component 2: Providing inclusive and green rural products and services. It will aim to stimulate the development of new and or refined existing financial services meeting target beneficiaries needs.
Component 3: Capacity development and strengthening of Rural Finance Institutions. Three key apex organizations have been identified by the Palestinian Authority as central to the creation of a more inclusive rural financial sector, each with different mandates and institutional challenges.
