Back To Dataset

Success For People

Its a commodity-backed collateral loan for farmers to store their produce after harvest in a Ghana Commodity Exchange (GCX) approved warehouse to borrow up to 50% of the face value of stored produce. When produce are sold, payments are made directly to SFP/Financial Institution directly before produce are released to buyer by warehouse manager.

Product Overview & Scale

Fsp NameSuccess For People
Fsp ID178288
As of Date2/18/19
CurrencyUSD
Product NameWarehouse Receipt Financing
CountryGhana
Total Clients Bracket<50,000
Product Clients Bracket<10,000
Number of Product Clients530
Percent of Total Clients that are Product Clients30%
Average Loan Size Per Client300
Average Loan Size Per Client300

Financial Structure & Pricing

loan or product structure is flexibleTRUE
loan or product structure is flexible if yes describeIt allows smallholder farmers to access funds while waiting to get better price for their produce
repayment structure is flexibleTRUE
repayment structure is flexible if yes describeRepayments can be made from other source of income
loan or product term covers growing seasonTRUE
loan or product term covers growing season if yes describeProduce can be as long as better price can be secured to repay loan
grace period offeredFALSE
group or individual loanBoth
apr36%
average loan processing time days1
is apr or other transparent pricing communicated to clientsTRUE
is apr or other transparent pricing communicated to clients if yes describeAll incidental charges relating to loan is communicated to smallholder farmers
type of primary insurance productAccidental insurance
average deposit size50
average transaction size20
total transactions amount500,000
type of transactional productMoney transfer services
annualized repayment rate of the product98- 100%

Value Chain Support

inputs assets services are readily availableTRUE
inputs assets services are readily available if yes describePre-arrangements are made with input companies and other Agribusiness service providers
inputs assets services are available at time demanded by clientTRUE
inputs assets services are available at time demanded by client if yes describeCrop calendar is followed and arrangements are made in advance to ensure smallholder farmers are served as required
inputs assets services available within reasonable distance of clientTRUE
inputs assets services available within reasonable distance of client if yes describeService providers are procured by proximity to avoid distance cost
inputs assets services are of good qualityTRUE
inputs assets services are of good quality if yes describeSFP source for services of companies with track record in the agribusiness industry
type of inputs offeredUsable
informal management services providedFALSE
formal programs in place for post harvest managementTRUE
formal programs in place for post harvest management if yes describeSFP engages the services of national players like GCX, GGC, among others to deliver PHH techniques to smallholder farmers
if yes to above do over 50 of clients use service programTRUE
do over 50 of clients use service program if yes describeProgram is mandatory for all beneficiaries
informal linkages exist between clients and buyers producersFALSE
formal linkages exist between clients and buyers producersTRUE
formal linkages exist between clients and buyers producers if yes describeSmallholder farmers can trade their produce through a platform provided by GCX to its members
guaranteed market opportunities exist for clientsTRUE
guaranteed market opportunities exist for clients if yes describeGCX platform has a national and global reach
if yes to above do over 50 of clients use the service programFALSE

Training

agricultural training available to clientsTRUE
agricultural training available to clients if yes describeWe partner with various development partners and other agricultural stakeholders- like USAID, AGRA, Ghana Commodity Exchange,Ghana Grains Council, etc
agricultural training available to clients using formal curriculumFALSE
multiple agricultural trainings delivered during product cycleTRUE
multiple agricultural trainings delivered during product cycle if yes describePre Harvest and post harvest handling techniques
organization does quality checks on trainingsFALSE
financial literacy training takes places yes noTRUE
classroom theoretical training offered by administering partyFALSE
training engages clients in participatory learning with additional materialsTRUE
training engages clients in participatory learning with additional materials if yes describeTraining materials are presented to smallholder farmers during sessions
training is offered in a convenient location for clientsTRUE
training is offered in a convenient location for clients if yes describeCommunity level trainings

Measuring Impact