Wool Mohair Value Tender

Country
Country Flag
Lesotho

Sector
Credit and Financial Services

Approval Date
12 September 2023

Duration
2023 - 2030

Project ID
2000003942

Total Project Cost
US$ 72.64 million

IFAD Financing
US$ 32 million
Wool and mohair account for almost two thirds of Leotho’s agricultural exports. The raising of wool sheep and mohair goats contributes significantly to the livelihood of about 45,000 rural Basotho families and is concentrated in districts recording high levels of poverty.

Building on the Wool and Mohair Promotion Project, this project continues to work with 45,000 wool and mohair farmers to consolidate the outcomes of WAMPP and achieve deeper impacts.

The project aims to increase the economic and climate resilience of wool and mohair farmers and promote inclusive and sustainable economic growth and private sector-led job creation.