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7. PHASING OF THE CREDIT SCHEME OPERATION

The scheme outlined above should be phased according to the following indicative plan:

Date/PeriodAction/Events
July 1987Final decision by FAO and the GRZ on the choice of the lending institution
August 1987Clearance of proposed agreement with the selected lending institution by FAO Headquarters and GRZ Department of Fisheries
September 1987 through March 1988 (rainy season)Working out details of implementation through regular contacts between the FAO/GRZ Project Management and the selected lending institution. Reconnaissance trips and pre-selection of the first group of loan recipients (by FAO/GRZ Project) Processing of the first batch of applications (by the lending institution)
April-May 1988Construction of ponds financed on credit begins

Disbursement of first instalments on corresponding loans

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