Audio By Carbonatix
Opportunity International Savings and Loans has financed the agricultural sector by disbursing over ¢110 million to 112,757 farmers from 2012 to date with an impressive recovery rate.
So far, it has reserved 15% of its Loan portfolio to support Agriculture and Agro-related businesses in Ghana.
Opportunity’s Agric finance model seeks to support economically active farmers in agriculture and its related businesses including farming, irrigation, agro-marketing and processing, agro equipment etc.
The main crops being supported include Cocoa, Cashew, Root & Tuber, Rice, Vegetables, Maize, Oil Palm, Plantain, Pineapple, Poultry, Piggery, Livestock and Soy Bean in ten out of the sixteen regions in Ghana.
In addition to financing, Opportunity continues to provide training to the farmers in Good Agricultural Practices, Digital Financial Services and other Financial Literacy programmes.
Recently, it entered into a partnership with Esoko Ghana, to enable farmers to receive weather information and pricing for their farm produce in a timely manner.
Opportunity’s contribution to the agricultural sector of Ghana has been recognized by receiving the ‘Best Company for promoting Agriculture and Agribusiness’ at the Sustainability and Social Investment Awards for both 2018 and 2019.
When the Head of Agribusiness Isaac Kojo Gyesi was interviewed, he said, most financial institutions perceive Agric finance as a high risk, but in his view, he believes that with a good financial model and commitment by the institution, the risk can be mitigated to the barest minimum.
He is advocating for other financial institutions to come on board to support farmers as they celebrate the 35th edition of the National Farmers’ Day.
Opportunity International Savings and Loans (OISL) is a leading savings and loans institution in Ghana and is at the forefront of delivering financial services to help transform the lives of poor people.
OISL was licensed by the Bank of Ghana in 2004 and has built a national branch network of 43 outlets with two-thirds of the branches in rural locations. It currently serves almost 46,882 borrowers and over 523,871 savers.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Speaker directs business committee to schedule anti-LGBTQ bill for parliamentary consideration
4 minutes -
Inflation drop doesn’t mean prices have fallen – Oppong Nkrumah clarifies
8 minutes -
Kenya to confront Russia over ‘unacceptable’ use of its nationals in combat
10 minutes -
Running Ghana by elections, not by plans: Galamsey as the consequence
14 minutes -
Israeli theatre scholar Prof Roy Horovitz brings cultural exchange to Ghana
17 minutes -
Awula Serwaa slams Amansie Central Assembly over ‘Galamsey Tax’ defence
31 minutes -
High airport infrastructure charges making Ghana’s aviation sector uncompetitive – stakeholders
33 minutes -
Mining Indaba: African integration requires collective will – Armah-Kofi Buah
36 minutes -
Drowning in hunger: Nawuni farmers struggle to survive amidst floods and climate change
37 minutes -
15 women arrested in New Juaben South over human trafficking, sex work charges
38 minutes -
Arrest officials issuing illegal mining licences, Ashigbey demands
39 minutes -
Nyasabga’s women farmers bear the brunt of climate change and land degradation, others turn to smart agriculture
55 minutes -
‘A Tax for Galamsey’: JoyNews petitions President Mahama to take action on investigative documentary
59 minutes -
From Ballot Lines to Academic Laurels: Multimedia’s Akwasi Agyeman earns PhD at University of Ghana
60 minutes -
Ghana’s gold refining deal could reduce commodity vulnerability – EM Advisory
1 hour
