African Rural and Agricultural Credit Association (AFRACA)

Association régionale du crédit agricole pour l'Afrique

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Contact Details

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History

1977, Nairobi (Kenya), at 1st General Assembly, on recommendations of a regional seminar under the auspices of the FAO, 1973, Accra (Ghana). Originally referred to in English as African Regional Agricultural Credit Association.

Aims

Foster cooperation among government and financial institutions in the field of rural and agricultural credit and banking; improve planning and management of financial services for rural development; advocate the extension of banking services to small-scale farmers.

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Activities

Operates sub-regional peripatetic training centres (3): East African Centre for Rural and Agricultural Credit Training (EACRACT); Southern African Centre for Rural and Agricultural Credit Training (SACRACT); West African Centre for Rural and Agricultural Credit Training (WACRACT). Conducts: regional and national training, workshops, seminars, round tables, courses; in-service training programmes. Supports rural development through: technical assistance for members in conducting feasibility studies, identifying development projects and organizing training programmes; developing products for rural areas which encourage mobilization of savings and credit delivery, including (with GTZ) self-help groups and savings clubs; developing models for implementing credit guarantee schemes (with FAO); developing action-oriented assistance to rural financial services, with emphasis on strengthening existing rural, community or village banks (with IFAD); processing funds from international financial institutions and aid agencies. Organizes 'technical cooperation among developing countries' (TCDC) through training exchanges.

Structure

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Languages

English, French.

Staff

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Financing

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Consultative Status

United Nations Economic and Social Council (ECOSOC) (Ros C); Food and Agriculture Organization of the United Nations (FAO) (Liaison Status).

Relations with Inter-Governmental Organizations

Relations with 2 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 1 non-governmental organizations.
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Publications

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Information Services

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Members

Members in 21 countries
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Type I Classification

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UN Sustainable Development Goals **

GOAL 2: Zero HungerGOAL 8: Decent Work and Economic Growth

UIA Org ID

D0745

Last News Received

2014
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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