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
-
Choosing between marriage and church
2 minutes -
GTEC orders University of Ghana to comply with approved fees or face sanctions
10 minutes -
Black Star International Film Festival appoints Aba Arthur as Diaspora Ambassador
21 minutes -
Opponents dazed by our support in Northern region – Bawumia Campaign denies coersion claim
34 minutes -
US to suspend visa processing for 75 nations, State Department says
41 minutes -
Prisons Service to produce sanitary pads, uniforms and furniture for schools
45 minutes -
AFROSON1C X storms Accra with sold-out show
49 minutes -
Ghana, Canada strengthen immigration cooperation as 2026 FIFA World Cup approaches
56 minutes -
US pulling some personnel from Qatar air base, official tells CBS
1 hour -
Star Oil pays GH¢ 2.6 billion in taxes and levies for 2025
1 hour -
The Uncertainty of Precision: How VAR Mirrors the Heisenberg Uncertainty Principle in Football
2 hours -
Paradigm Initiative condemns internet shutdown ahead of Uganda elections
2 hours -
Jospong’s sustainability drive deserves more spotlight nationally and internationally – Dr Gloria Kusi
2 hours -
Black Sherif gives 2025 a perfect score: “100 out of 100”
2 hours -
GIADEC, Metalloid and GIBDLC secure $60m facility to advance Nyinahin bauxite project
2 hours
