Have you heard the stories of a ‘wonder-vegetable’ that is easy to grow, delicious, and extraordinary healthy? It may sound too good to be true, but humans have actually been eating it for thousands of years. Meet Nero di Toscana, a legendary variety of kale.
On November 25, 2016, the Ministry of Agriculture and selected Georgian insurance companies attended a roundtable discussion hosted by the PAFAI (Promoting Access to Finance and Agri Insurance) project. The meeting was organized by Business & Finance Consulting (BFC) within the framework of the Swiss Cooperation Office (SCO)-funded PAFAI project.
On November 2, Michael Kortenbusch, Managing Director of BFC, moderated the Innovations in Agricultural Finance panel at the Sanabel Conference 2016 in Casablanca, Morocco. The panel included Dinos Constantinou, Managing Partner of Microfinance Strategy, Bilel Rezgui Chief of Operations for ENDA Tamweel, and Koen Wasmus, Principal of Wasmus Consulting.
Financing value chains seems deceptively simple, but don’t be deceived!
By Michael Kortenbusch, Zurich, September 27, 2016
What sounds good in theory does not always work in practice. Value chain finance is a prime example. The theory is simple: If each of the three parties involved—farmer, aggregator, and bank—gains a benefit, the scheme will be a win-win-win. Reality is different: Quite a few programmes that look promising on paper eventually fail to deliver on expectations. (more…)
On September 30, Bai-Tushum Bank took part in Field Day organized by KWS, K.O.Standard Agroservice (Lemken, Amazone), Grimme, Bai-Jer LLC companies in partnership with Kaindy-Kant OJSC factory, GIZ and TES-Center. The meeting was primarily dedicated to “Demonstration of advanced sugar beet hybrids, agricultural machinery and primary (fall) tillage agricultural activities”.
To recap, in July 2015 Bai-Tushum Bank and Kaindy-Kant OJSC signed cooperation agreement for the purposes of expanding access to financial resources for small and medium enterprises, engaged in agriculture.
The training on “Financial Analysis” carried out for employees of ARMBUSINESSBANK’s credit department within the framework of German-Armenian Fund and German Development Bank KfW joint program “Financing of agricultural sector in Armenia” (FASA) is completed and the results are summed up.
The training for increasing the efficiency of agricultural lending has been developed by “Business and Finance Consulting” (BFC) specifically for ARMBUSINESSBANK.
Agriculture is Georgia’s lifeblood. Fifty-three percent of the country’s working population is engaged in agriculture, many working on small plots of one hectare or less. The family farm is the backbone of Georgia’s rich rural culture. But from a financial perspective, it’s far from a sure thing. The agriculture sector employs more than half of Georgia’s workforce but accounts for only 10 percent of GDP. Many farmers earn little or no cash income. When natural disaster strikes and crops fail, rural families have little to fall back on.
The fragility of that life became obvious in August 2015, when a storm destroyed roughly 2,300 hectares of land in Kakheti. Hail, rain, and wind whipped across the landscape for 25 minutes. During that time, numerous homes and large numbers of livestock and crops were destroyed. In the Akhmeta region, the entire grape harvest was destroyed by a mudslide brought on by the storm.