Project

Rural Youth Agripreneur Support Project (AGRI-JEUNES)

Sector

Youth Entrepreneurship

Financing chart
Financing Gap (USD)
17,523,000
Target group
150,000
rural young people
Project target area

8 regions: Louga, Thies, Kaolack, Kaffrine, Fatick , Diourbel, Sedhiou and Ziguinchor

 
Summary
Rural Youth Agripreneur Support (AGRI-JEUNES) project aims to include youth in family farms and profitable ventures to create income and sustainable jobs in agro-sylvo-pastoral and fishery value chains. It will benefit 150,000 rural young people, with 45,000 (50% female) integrated or receiving support to start a sustainable activity. Upon completion, 25,000 enterprises will be created/strengthened and will provide 35,000 jobs, half of which will go to young women. The project will also improve the nutrition in Senegal.
Components and Objectives
AGRI-JEUNES has two main components:
Component 1: Capacity building and empowerment of rural youth. It aims to strengthen the technical, management, organizational and managerial capacities of rural youth (of both sexes) in order to fill the capacity gap of young people in relation to the entrepreneurial positioning in the agro-sylvo-pastoral and halieutic sectors and their requirements.
Component 2: Cost-effective and sustainable agro-silvo-pastoral and fishery business development profitable and viable for young people. It aims to facilitate young people’s access to profitable entrepreneurial opportunities in the agro-sylvo-pastoral and halieutic value chains.
Financing

Total project cost

119,837,518

IFAD financing
 

43.3 %
51,863,209
51,863,209
IFAD

International cofinancing

31.1 %
37,296,309
1,003,447
Rural Poor Stimulus Facility
10,743,000
African Development Bank
25,549,862
Green Climate Fund

National cofinancing

11.0 %
13,155,000
5,945,000
Beneficiaries
7,210,000
National Government

Financing
gap

14.6 %
17,523,000

Approval date

September 12, 2019

Expected duration

2019 –
2025

Lending terms

Highly Concessional

Income level

Lower-middle Income

Replenishment cycle

IFAD 12

Implementing agency

Ministry of Agriculture

Contact information

Country Director: 
Matteo 
Marchisio 
Email: m.marchisio@ifad.org