Latin America

Access to Finance in Latin America

Working with the Latin American and Caribbean Network of Small Fair Trade Producers (CLAC), we were able to support 25 co-operatives. By training key staff in how to teach financial management techniques, they have been able to support their farmers, whose products include cocoa, fruit, and vegetables. Coobamag, a banana producing co-operative supporting 160 people, attended basic financial record keeping and planning workshops. Administrators became more confident in their roles and the co-operative improved financial processes and business efficiency. Attendees said the training was very practical and gave them many tools to apply within their businesses. All 25 organisations developed their own strategic plan and several are now making preparations to apply for loan finance in the coming year.

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