Tell-tale signs finance farming is ready to scale: Demonstrated impact of pilot projects in China, Indonesia and the Philippines
The Project to Document Global Best Practices on Sustainable Models of Pro-Poor Rural Financial Services in Developing Countries (RuFBeP) aimed to identify, document and test innovative and effective models and approaches to extend sustainable rural financial services in the Asia and the Pacific region. It was co-financed by the International Fund for Agricultural Development (IFAD) and implemented by Asia-Pacific Rural and Agricultural Credit Association (APRACA) between February 2014 and June 2019.
The project was carried out in five priority countries (China, India, Indonesia, the Philippines and Thailand) over four phases: (i) mapping and surveying select global best practices in the Asia-Pacific region; (ii) adapting and piloting selected best practices to test their effectiveness (in China, Indonesia and the Philippines); (iii) promoting best practices through awareness raising, advocating their implementation, and hosting policy dialogues; and (iv) knowledge sharing through workshops, conferences and the establishment of a knowledge hub.
The scoping study in five countries and a synthesis report were published in 2015 and 2016 for wider dissemination. A brief of the good practices documented are provided in Appendix 1 of this document. The phase II (pilot testing of good practices) of the project was implemented in three selected countries and each of the country teams prepared the piloting framework and theory of change (provide in Appendix 2) and the process document was published in 2018.
This document summarizes the project achievements in six (6) key impacts areas of piloting innovative financial products and services that were designed and tested in the three countries namely China, Indonesia and Philippines. The phase II pilots were carried out in these selected countries in collaboration with the partner organizations during July 2015 to November 2017.