Aggregate multiple borrowers or production cycles, and use data to more accurately to measure and mitigate risk.
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Aggregate multiple borrowers or production cycles, and use data to more accurately to measure and mitigate risk.
READ MORE →
Provide an alternative to traditional asset and financial profile requirements
READ MORE →
Provide an alternative to traditional asset and financial profile requirements
READ MORE →
Develop methods to overcome them
READ MORE →
Develop methods to overcome them
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Financial institutions are hesitant to engage the agricultural sector due to the perception of high risk. To address this challenge, WOCCU works with local institutions and consumers to strengthen the full ecosystem for agricultural finance. We work with individual small-scale farmers to grow their businesses, as well as with more advanced commercial enterprises looking to grow into export markets. At the institutional level, our programs help risk-averse financial institutions to develop viable products and services for the agricultural sector. At the SME level, we work across the value chain with input and service providers, transporters and others.
Aggregate multiple borrowers or production cycles, and use data to more accurately measure and mitigate risk.
The USAID/WOCCU Credit for Agriculture Producers (CAP) Project's (2016-2024) main goal is strengthening the Ukrainian credit union market, thereby expanding access to agricultural credit. The CAP Project is also working directly with a group of credit unions to build their capacity to expand lending to rural and agricultural micro, small and medium enterprises.
From 2018-23 in Kenya, Burkina Faso, Senegal and Guatemala, the WOCCU/USAID-CDP Technology and Innovation for Financial Inclusion (TIFI) Project has implemented the SME Finance Toolkit to reduce lending risk by credit unions to SMEs, streamline and simplify the SME lending process and increase the number and quality of financial products available to SMEs, thereby increasing SME financial inclusion.
Provide an alternative to traditional asset and financial profile requirements.
WOCCU International Advocacy joined forces with the International Projects' team, which implements the USAID Credit for Agriculture Producers (CAP) Project, to provided extensive analysis, feedback and advocacy input on a 2023 law in Ukraine that updated the country’s legal framework that governs the operations of credit unions, laying the foundation for a more level playing field for them in the country's financial services market.
WOCCU’s USAID/Haiti HIFIVE Project worked with financial institutions to expand delivery of agricultural finance to prioritized geographic areas and productive value chains. By the end of the program in 2015, 32 financial institutions were offering value chain finance, and agricultural lending increased by 503%, from US $5 million in 2012 to $33 million in 2015.