Most small farms need loans for further development. But, looking at the requirements for obtaining loans, they are in doubt to use the possibilities of additional financing.
In order to change this scenario, the public association «National center of agrifinance development»? works in Lviv. Through trainings and consultations, experts help farmers to increase financial literacy on the basis of an innovative platform from the company "AgriAnalytica". Among the many opportunities that it provides to the farmer - justification of the enterprise creditworthiness. Three innovative products on the platform for farmers correspond to the three requirements for obtaining a loan. Any farmer can use these products without special financial knowledge, as the platform is automated and easy to use.
So, the first requirement of financial institutions is a clear enterprise strategy. The lender needs to make sure that the issued loan will be used for its intended purpose. That is why the farmer needs to have a production plan, cost and income calculations, and technological maps for grown crops. You can fulfill the requirement with the product AgriAnalytica: Business Plan. The business plan formed in the program substantiates the practicability of allocating funds to the enterprise; it can be submitted together with an application for a loan, grant, or state aid.
The second requirement is a transparent business model. The lender wants to see if the company 's funds are being used effectively. Tax and statistical reporting, payroll, land units accounting and similar financial transactions should be recorded in the documentation of the enterprise. AgriAnalytica: Online Accounting correspond to this requirement. The main advantage of the system is full automation: all the necessary accounting entries and documents are generated by the program, while the farmer or his accountant enters only the primary data.
And the third requirement is a satisfactory organization of the business. The lender may refuse if the ability of the head to control his business seems low. The owner must have analytical reports on the operation of the enterprise, on wich basis he will compare the planned and actual indicators of business performance. This requirement can be fulfilled with AgriAnalytica: Production Management. Reports on accounting and production management allow the owner to quickly track data on the use of material resources, cash flows, debt availability, as well as receive information about the work performed at the level of both crops and fields.
The consultants of the public association individually train the farmers to form a package of documents for obtaining a loan and help to apply to financial institutions. Farmers who use online products for accounting and business management and, accordingly, want to apply online can register in the electronic Agrarian Cabinet. Through e-Cabinet are available all range of state financial support, grants, loan offers from banks, suppliers or buyers of agricultural products. Our team invites farmers to membership! Already 225 small and medium farmers have received financing with us!
