Last Monday September 23rd, Jem Kipgen, Portal & Operations Officer at SCOPEinsight, and Bart Vollaard, consultant at NewForesight, lectured on ‘’How to rate credit worthiness and enhance access to credit of producer organizations’’ at Wageningen University and Research Centre (WUR). The lecture and following training session were part of the international course ”Organised Farmers as Partners in Agribusiness’’. The 35 attending professionals from a variety of companies and non-profit organisations in the international agriculture sector came from various countries, such as Uganda, Kenya, Tanzania, Afghanistan, Bangladesh, Georgia and the Philippines.
NewForesight works closely with sister company SCOPEinsight on opening up financing possibilities for entrepreneurial farmers that are looking to upscale their production. The main goal of SCOPEinsight is to help financing institutions from emerging countries understand the factors that indicate the credit worthiness of a producer organisation. The SCOPE Methodology presents a framework for measuring that can accurately assess the potential of an agricultural business.
Jem Kipgen, after the lecture: “The worth they (attending professionals) see in the assessment and the SCOPE Methodology showed that we are providing new insights on how to open up some real possibilities for finance and growth in agriculture.”
The SCOPE Methodology is widely recognized in the field of agriculture and implemented in 14 countries in Asia, Africa and South America. Recently, SCOPEinsight, entered into a partnership with IFC and co-developed an additional assessment tool called SCOPE Basic. The tool allows producer organisations to perform a basic evaluation and identify points of improvement. In all, SCOPE Basic reduces the time spent on a SCOPE survey and focuses on internal improvement to upgrade credit worthiness.