Financial advisory to strengthen local agricultural enterprises
Post on 15-Aug-2015
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MEAS Symposium 2015
June 3
“Private Sector and Development Organizations' Approaches to
Extension Service Provision”
Financial advisory to strengthen local agricultural enterprises
Elizabeth Teague Sr. Associate for Environmental
Performance
MetricAve/enterprise
Revenue $3.7M
Number of Producers 1,500
% Women Producers 30%
Land ownership/ farmer
~1.7 HA
Purchases per farmer $1,900
Average borrower profile
Training Credit
Improved Business Processes
and Growth“Better
Borrowers”
Financial management training creates better business processes; mitigates lending risk by developing better borrowers; and with reliable access to credit, promotes better supply chain partners.
Why financial management training?
Accounting Systems
Standard accounting practices
Financial record-keeping
1 FinancialAnalysis
Financial statement generation and analysis
2 RiskManagement
Internal control systems Enterprise & industry-
level risk assessment Mitigation planning
3
PricingStrategy
Fixed and variable cost analysis
Contract negotiation
4 Financial Governance
Using financial statements for internal decision-making (board, management) and business communications
5 FinancialPlanning
Long-term planning and forecasting
Budgeting
6
Trainings focus on 6 “financial fundamentals”
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