In order to improve the access of small and medium-sized agricultural producers to lending through credit unions, on May 17, 2017, the Memorandum of Cooperation was signed between the World Council of Credit Unions (WOCCU) and the Company Strategia & Sviluppo Consultants Ukraine (SSCU) within the framework of "The Credit for Agriculture Producers (CAP)".
This is a project in Ukraine, funded by USAID, under which the Company SSCU will provide to credit unions (members of CAP Working Group) free access to agricultural lending instrument, namely to the platform «AgriAnalytica» and will ensure trainings on rules of use for the above-mentioned software.
Thanks to this platform it is possible to create a business-plan and a set of documents necessary for obtaining credit and participation in grants competition. According to the instruments provided by the platform the farmer may determine its planned production costs and revenues, cost of production by features, profitability, predict monthly cash flow, analyze planned and effective production efficiency, compared to those of similar companies. This is a clear competitive advantage in the market and facilitation of access to financial resources.
Most farmers will probably agree that it is very difficult to engage in agricultural business without loans. Often there is a need to finance the purchase of material and technical resources. But how many obligations can the business take over? The first step to answering this question is the evaluation of production and financial situation of the farmer’s business.
Online business plan from "AgriAnalytica" helps farmers predict the actual monthly cash flow to avoid liquidity problems, determine which size of a loan debt is acceptable for business, understand which financial products and instruments fit the business, which is the total effective amount of borrowing in each of proposals and evaluate the proposal prepared by the farmer’s financial institution compared to the proposals of other financial institutions or the credit from a supplier.
Taking advantage of the opportunities provided by "AgriAnalytica" the farmer will have enough information to compare and select the most suitable proposal among all those available from banks and suppliers of material resources, technology and equipment. Online platform "AgriAnalytica" is simple and easy to use and, therefore, will be clear to anyone who is willing to get to know it closer.
The signature of the Memorandum of Cooperation between the WOCCU and the SSCU is only the first step in promoting "AgriAnalytica" platform, more collaborations are ready to come.
For more information, please, visit: www.agrianalytica.com