Mobilising internal finance within a forest and farm producer organisation
9 June 2023
Disclaimer The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the International Institute for Environment and Development (IIED) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundarie. [...] AFID also has two registered offices: one in the town of Yucumo in the municipality of San Borja, José Ballivián province, Department of Beni and another close to the seat of government, at Av Juan Pablo Segundo 2560 in the city of El Alto in the Department of La Paz. [...] The historical losses of the type of 8 For agricultural microcredit, according to the Compilation of Standards for Banks and Financial Entities of the Bolivian Financial Regulatory Authority (ASFI), an ‘A’ credit rating is given to clients considered to present a low credit risk while a ‘B’ credit rating is given to clients considered to present a higher credit risk. [...] Once the credit advisor has determined that the client has the ability to make repayments, the application is passed to the corresponding credit committee for approval.9 If an applicant is found to lack the ability to make repayments, this is explained to the applicant and the credit advisor will then propose modifying the conditions (such as reducing the amount of credit offered or extending the. [...] Once this step is concluded, AFID’s management authorises the disbursement of the credit, after which the credit advisor proceeds with making the necessary recommendations to the applicant prior to the disbursement (such as the date the first repayment is due, the importance of making punctual repayments, highlighting the benefits of having a good credit history, and the importance of the honourin.