PROJECT APPRAISAL REPORT (PAR) FOR PERIOD: AID 1020-25 (10-10)

The initiative began in 1970 with funding from the United States Agency for International Development (USAID). The project's primary objective is to establish a network of credit unions that provide financial services to low-income individuals and producers. The project's scope encompasses the development of credit union services, training of personnel, and establishment of a headquarters staff. The headquarters staff will be responsible for providing technical assistance, training, and administrative support to credit unions in various African countries. The project also involves the development of a credit union management system, which will enable credit unions to manage their operations effectively. The project's geographic focus is on Africa, with a specific emphasis on developing credit union services in several countries. The project's timeframes are from 1970 to 1975, with a cumulative obligation of $3,300,000. The project's estimated budget to completion is $5,000,000. The project's key action agents include the contractor, Great Thalos, and the participating agency, USAID/W. The contractor is responsible for providing technical assistance and training to credit unions, while the participating agency provides funding and administrative support. The project's performance is evaluated based on several key indicators, including the number of credit unions established, the number of personnel trained, and the amount of credit extended to low-income individuals and producers. The project's quantitative indicators include the number of credit unions established, the number of personnel trained, and the amount of credit extended. The project's qualitative indicators include the ability of credit unions to provide reliable and balanced financial services, the ability to collect and analyze data, and the ability to publish and disseminate information. The project's key output indicators and targets include the establishment of a network of credit unions, the training of personnel, and the development of a credit union management system. The project's programming goal is to provide a framework for the development of credit unions in Africa, which will ultimately lead to the establishment of a network of credit unions that provide financial services to low-income individuals and producers. The project's achievement of this goal will contribute to the development of the national economy and the reduction of poverty in Africa. The project's implementation involves several key activities, including the establishment of a headquarters staff, the development of a credit union management system, and the training of personnel. The project's completion date is scheduled for 1975, and the estimated budget to completion is $5,000,000.