Financial Advisory to Strengthen Local Agricultural Enterprises
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Transcript of Financial Advisory to Strengthen Local Agricultural Enterprises
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”
Disclaimer
This presentation was made possible by the generous support of the American people through the United States Agency for International Development, USAID. The
contents are the responsibility of the author(s) and do not necessarily reflect the views of USAID or the United States Government.