ACCESS TO FINANCING: BENINCAJU TRAINS SFD (DECENTRALIZED FINANCIAL SYSTEMS) ON CASHEW CREDIT ANALYSIS TOOLS
Subsequent to the professionalization program of the SFD (Decentralized Financial Systems) started since 2020, the BeninCajù project proceeded in August 2021 to the training of the field agents of these partner institutions on cashew nut credit analysis tools.
The cashew nut sector is today one of the opportunities for the improvement of incomes and the creation of jobs in rural areas. As a result, the Beninese Government's Action Program has retained cashew nuts as one of the priority sectors to be promoted in the framework of agricultural diversification. Likewise, many TFPs, including the USDA, the donor of the BeninCajù Project implemented by TechnoServe Benin and CRS, are joining the State's efforts by investing more in the developm ent of this sector.
However, notwithstanding the efforts of the various partners, this sector still faces multiple constraints, including the poor access of producers to appropriate financing. It is in view of this situation that the BeninCajù project has deemed it appropriate to improve the knowledge of financing actors on the cashew nut value chain and the business opportunities presented by the production link, so that they can provide effective financial support to this link. In this regard, the year 2020 was marked by several training workshops organized by the "Access to Financing" component of the project.
« The general objective of these training sessions is to equip the actors of the SFD to take appropriate decisions in favor of the financing of the production, with for specific objectives, a better understanding of the value chain and its advantages for the financing of the cashew nut production; a better knowledge of the business opportunities of the links of the production, the factors of risks and the elements of mitigation; the elements of appreciation of the requests for loans of cashew nut producers. BeninCajù is strongly committed to achieving these objectives.» Ella WAMA, Access to Finance and Gender Specialist/BeninCajù. Read more here.