A major barrier to SMEs in the developing world is a generally inadequate level of financial literacy. Poor planning, underestimating market volatility, and inadequate accounting can all result directly in financial losses for many SMEs.
Facing these potential difficulties also severely restrict producers' ability to access capital from cautious, risk-averse lenders. These same lenders require solid financial information with which to make a decision on investing capital; information that these businesses lack the financial literacy to provide.
We believe that capacity building is as important for the financial sector as it is for SMEs themselves. Although it is clear that many SMEs in the developing world need technical assistance to become bankable, many financial institutions around the world are unaware of the opportunities presented by SME finance, especially in the agriculture and forestry sectors.
Tools & Training
Customized Training Solutions
We work on a case by case basis with partners to determine their interests in developing customized training solutions. Our training tools are adaptable on a national, regional and can be tailored to suit specific agricultural and forestry sectors. With nearly 100 FAST local financial advisors worldwide, we bring training solutions tailored to you that live on over the long-term.