MODULE 6: RuralInvest 

Unit 6.3: DETAILED PROJECT FORMULATION AND ANALYSIS

Coordinators: Tserendavaa Tseren, Mongolian University of Life Sciences

Lecturer:  Tserendavaa Tseren, Enkh-Amgalan Gurjav, Mongolian University of Life Sciences, a Guest lecturer from the List of teachers within the AGRIMBA network (Annex 1)

Microeconomics and Agricultural economics

To learn a methodology for preparing detailed projects and RuralInvest toolkit

• The detailed formulation and evaluation phase 
• Estimating demand and benefits 
• Evaluation and selection of technology 
• Sustainability and environmental impact 
• Estimating costs and income 
• Financing the investment 
• Organization and management of the investment 
• Financial analysis and the preparation of recommendations 
• Preparation for the investment and beyond

• E-course
• Lectures (4)
• Interaction with teachers and fellow students (4)
• Self-guided group work (5)
• Practice on Ruralinvest software (5)

Main elements of formulation and evaluation, Software scope and requirements, A brief warning, Estimating demand in the presence of markets, Estimating demand in the absence of a market, Reconfirmation of the scale of the project, Choosing the production technology, Experience and capacity of the applicants, Maintenance and repair, Why consider environmental impact? What is environmental evaluation?, Procedures and stages of environmental evaluation, Assessment stages for category b and c projects, Special cases, Monitoring environmental impacts, Specialized support and environmental studies, Social impacts of rural investment projects and sustainability, The sustainability of non-income generating investments, Verification and classification of costs, Assigning costs and income by activity, Credit requirements, Loan characteristics, The changing value of money over time, Ownership structure, Supervision and oversight, Daily management, Technical assistance and managerial support, Measurements of the investment’s feasibility, The impact of taxes, Preparation of recommendations, The importance of support and follow-up, Reaffirmation of the commitment of the applicants, Accompanying the applicants in financial negotiations and seeking legal permits, Support in preparing a start-up plan, Purchase and contracting of goods and services, Follow-up to the implementation process

Practice on paper, Practice on Ruralinvest software

To prepare and analyze detailed project on RuralInvest software

Module 3 RuralInvest handbook, 2007, FAO Investment Center