Project

Wool and Mohair Value Chain Competitiveness Project (WaMCoP)

Sector

Rural development

Financing chart
Financing Gap (USD)
11,802,000
Target group
45,000
Households
Project target area

Nationwide with focus on Mokhotlong, Maseru Rural, Quthing and Thaba Tseka

 
Summary
Wool and Mohair are the two largest agriculture commodities exported by Lesotho, and their production, harvesting and sale support at least 45000 households per year, and thus builds a livelihood for more than 160000 people (25% of the Lesotho rural population). In a context of changing global market demand, certification is a key priority. To allow traceability the value chains require digitalisation and sound protocols. To allow for this Wool and Mohair Value Chain Competitiveness Project (WaMCoP) will support the introduction of the responsible fibre standards, and support farmers to digitise.
Components and Objectives
WaMCoP consists of two technical components and one project management related component:
Component 1: Support to building Value Chain (VC) systems. It supports the establishing and up-grading of the systems enabling the VCs to thrive. Specifically, this component will support government and VC players to improve sector governance, regulation, and compliance with responsible certification by establishing national systems, guidelines, and regulations.
Component 2: Climate smart VC operation and coordination. It builds on the foundations established under component 1 and will support the operation and improvement of these locally grounded VC systems, leading them to self-sustainable levels beyond the life cycle of the project.
Component 3: Project Management. It focuses on communication for behaviour change and monitoring for learning and another on project coordination will underpin the day-to day operations of the project and its scaling-up pathways.
Financing

Total project cost

72,773,452

IFAD financing
 

27.8 %
20,200,000
20,200,000
IFAD

International cofinancing

34.8 %
25,329,452
20,000,000
OPEC
5,329,452
Global Environmental Facility

National cofinancing

21.2 %
15,442,000
7,381,000
Beneficiaries/Private Sector
8,061,000
Government of Lesotho

Financing
gap

16.2 %
11,802,000

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 and Food Security

Contact information

Country Director: 
Philipp 
Baumgartner 
Email: p.baumgartner@ifad.org