In 2009-2010, the IFAD Office of Evaluation conducted an interim evaluation of the Rural Financial Intermeidation Programme in Ethiopia. The Programme was found to be relevant and timely, and its overall performance satisfactory.
The design rightly addressed the different needs of the two main sub-sectors of rural finance in Ethiopia: regulated microfinance institutions and credit cooperatives. The most salient problem identified by the interim evaluation relates to the credit cooperative sub-sector. Given the absence of adequate supervision and technical support, there are concerns that the vast, very rapid expansion of the rural savings and credit cooperatives established under RUFIP may not be sustainable.
Read more on IFAD website:
Providing poor people living in rural areas sustainable access to financial services Issue 75: March 2011
20 April 2011