Sustainable Livelihoods Presentation at ADFIP Meeting – 23 Nov, 2016
About FMCAF Established and funded by the ITC under the EU Funded IKSA/L; Group of Local Business Development Advisors (BDA) Retired Bankers, Commercial Agriculturalist, Land consultant, entrepreneurs and so forth. Provide business advisory services to Agribusiness & MSMEs to foster sustainability, competitiveness and Profitability .
Our Services: Tailored Business and Financial Advisory Services Access to Finance - Develop Bankable Business Plan Market linkage and Financial Management Support Business Diagnostic and Risk Assessment Capacity Building and Business Training, Mentoring & Coaching at all Levels
Works of FMCAF Training of Farmers/SMEs & their wives; Training and Capacity Building of FMCs; Business planning Development and Walk through Exercise; Business Diagnostic to identify gaps in current operation before rushing into financial commitment.
Works of FMCAF Assisted 23 unbanked livestock farmers access approximately FJD$1.3M worth of loan in 2015; Assisted 12 Market Facing Agribusinesses and Exporters in 2014 access finance; Finance Monitoring; Training of 194 livestock farmers and their wives on Bookkeeping. Training of Agriculture extension officers on Business
Constraints SMEs Lack of awareness of existing alternative sources of finance and support mechanisms; Lack of confidence; Lack of technical capacity to compile a Bankable proposal plus requirements; Inadequate collateral & credit history; Lengthy turnaround time & overly bureaucratic procedures dampen enterprises’ interest; Costly procedures.
Women Participation & Empowerment Training of Farmers & their wives on Bookkeeping and profitability Analysis
Peer Mentoring & Coaching
Post Finance Visitation/Monitoring
Post Finance Visitation/Monitoring
Recommandation Training of Support Institution /Agency on Banking Requirement; Pre finance business training and advisory be made a mandatory requirement for financing; Take leading role in harmonizing training materials for MSMEs; Organize information and experience sharing amongst SMEs with the same sector. Encourage SMEs/Farmers to develop Business Continuity Plan in addition to succession planning.
Vinaka!!!