The project aimed to reduce poverty and promote private sector investments in rural and agro-based industries by providing a credit line for financing microenterprises, which was expected to directly impact the livelihoods of farm families, and finance small rural agro-based enterprises to accelerate economic growth and contribute to rural employment, productivity and prosperity. To ensure its effectiveness the project supported the strengthening of VBARD by financing the construction of a training institute, developing an IT system, promoting policy reforms, establishing clear policies and guidelines on rural enterprise financing, establishing a credit guarantee fund, and setting up rural business association in selected districts.
The project's expected outputs included the following:
The project targeted households, rural enterprises, 1,200 VBARD credit officers and the private sector.
An Giang, Binh Dinh, Bac Giang, Binh Duong, Bac Kan, Bac Lieu, Bac Ninh, Binh Phuoc, Ben Tre, Binh Thuan, Ba Ria-Vung Tau, Cao Bang, Ca Mau, Can Tho, Da Nang, Dien Bien, Dac Lac, Dong Nai, Dak Nong, Dong Thap, Gia Lai, Ha Tay, Ho Chi Minh, Hai Duong, Ha Giang, Ha Nam, Ha Noi, Hoa Binh, Hai Phong, Ha Tinh, Hau Giang, Hung Yen, Kien Giang, Khanh Hoa, Kon Tum, Long An, Lam Dong, Lao Cai, Lai Chau, Lang Son, Nghe An, Ninh Binh, Nam Dinh, Ninh Thuan, Phu Tho, Phu Yen, Quang Binh, Quang Ngai, Quang Nam, Quang Ninh, Quang Tri, Son La, Soc Trang, Thai Binh, Tien Giang, Thanh Hoa, Tay Ninh, Tuyen Quang, Thua Thien-Hue, Tra Vinh, Thai Nguyen, Vinh Phuc, Vinh Long, Yen Bai