Adaptando las estructuras comerciales financieras, para beneficiar a los agricultores de pequeña escala de Ghana
Ejemplo: Guíenos a través de un ejemplo/s específico/s de cómo esta solución hace la diferencia; incluya sus actividades principales.
Mercado: ¿Quién mas está abordando el problema aquí descrito ? ¿Cómo difiere el proyecto propuesto de esos enfoques?
Historia fundacional
Chomba
Zambian - studied in Zambia; South Africa and the UK and have more than 16 years of working experience in credit management, customers’ project evaluations and Structured Trade Finance, particularly in the Agricultural sector, across major economies in Africa. I am proud to be an intrepreneur within a corporate environment.The division I work for within Standard Chartered Bank – Commodity Traders & Agriculture or “CTA” within Transaction Banking – is responsible for developing structured financial products to meet the needs of the rapidly developing agricultural sector in Africa. For this particular project, I am honoured to work with an innovative, dynamic and efficient agri team, based in Accra, Ghana: Prince Wadie; Frimpomaa Ntiforo; Victor Asante and Benjamin Bright-Davis
Intrapreneurship means using your skills, to not only deliver on your career objectives, but support the collective growth of nations – in my case,my ambition is to leverage my skills in supporting Governments and Development Institutions formulate policies and strategies which will ensure Africa’s agricultural sector fulfills its potential in a sustainable manner. I have been fortunate to lend my support and experience to a number of agriculturally focused policy making and advisory bodies across Africa already – these include working with international research agencies to create credit mechanisms to enhance funding for agriculture (endorsed by European Commission), and helping to establish Africa’s first private investment fund, AgroAfrica.
, GT, Johannesburg
, GA, Accra
Agricultura
La información que brindes aquí será usada para llenar las partes de tu perfil que hayan sido dejadas en blanco, como intereses, organización, y sitio web. Ninguna información de contacto será hecha pública. Por favor desmarca esta casilla si no deseas que esto suceda..
Inicio (iniciativa piloto que acaba de empezar a ponerse en práctica)
Chomba and the Bank’s Agri-Team have managed to find a solution which not only meets a large international Bank’s risk and commercial product appetite, but also has the ability to bring sophisticated and commercial, sustainable benefits to individual small-holder farmers in the rural areas of Ghana. Small-scale farmers rarely have access to such benefits.
The increase in production in terms of yields per hectare and income of individual small-holder farmers will have a direct impact on the daily lives of the farmers’ families, and ultimately the community as a whole. For example, people will have food security, more buying power to build solid houses, send their children to school, increase access to transport and healthcare, and support local businesses.
By gaining access to the benefits of a structured commercial banking solution, these small-scale Ghanaian farmers are expected to increase their yield of cotton from an average of 1.2MT/Ha to about 2MT/Ha – DOUBLING their productivity and income! The area of land cultivated is expected to increase given the increased input and agricultural skills available, and some of the larger small-holder farmers will be promoted to medium-scale farmers.
Following the agri-teams ability to adapt an existing structure, Standard Chartered is likely to extend more than USD20 million in funding to provide quality inputs, insurance and skills training for the 36,000 small-holder farmers.
Chomba Sindazi and the Ghanaian agricultural team have been innovative and responsive in their commitment to leveraging the Bank’s existing product structures, expertise and network. Given the solution is already offered by the Bank on a commercial basis, the team has sought to adapt the Bank’s existing processes and structures to meet the Bank’s risk framework, while extending economically enhancing benefits to individual farmers, and ultimately the rural community, in Ghana.
The long term funding and support plan is to provide this structure on a sustainable basis, achieving the following in the long term:
(a)Migrate some small-holder farmers into medium scale and commercial farmers, who can ultimately operate independently, and not need the support of the Nucleus Farmer
(b)Increase and encourage the formulation of effective pricing for produce, within the structure.
(c)Promote the introduction of warehousing, which will ease the bottlenecks within the credit and funding delivery system
(a)Internal approval by the Bank’s Credit Sanctioning Authority
(b)Successful drafting of legal documentation to manage the security interests of all the stakeholders involved, eg. The Bank, The Small-Holder Farmers, The Nucleus Farmer etc.
(c)Effective coordination and collaboration of various stake holders i.e. government registries, Collateral Management companies, suppliers of various inputs including the Nucleus Farmer.
The Bank is excited and supportive of the Agri Team’s initiative and adapted concept, given the positive and sustainable impact this structure will have on Ghana’s small-holder farmers, and the broader benefits in terms of economic activity and skills development.