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Workshop on the quality of loan applications organized by PfD Benin and MFI Partner, FECECAM

Credit Program Officer, Ferdinand Dahoueto is addressing participants questions on the quality of loan application. Abomey-Calavi, April 2023. Credit: Epiphane Adjadji, PfD.

On Wednesday, April 12, 2023, as part of the implementation of the Agricultural Lending and Access to inputs component of the PINEX project, Partners for Development (PfD) and the Federation of Agricultural Credit and Mutual Savings Banks (FECECAM-Benin) brought together 24 pineapple processors including 8 women’s companies, all beneficiaries of the PINEX Project. The training, which took place at the CLCAM Abomey-Calavi premises, focused on the composition and quality of loan application.
Based on the observation that many micro, small and medium-sized enterprises struggle to pass the application review stage with microfinance institutions, PfD initiated this information and awareness session led by FECECAM on the content of a loan application file. Participants were given a detailed explanation of the various components of the file to be submitted, the different types of guarantees, the facilitation of the National Agricultural Development Fund (FNDA), the importance of the professional card and the need to organize themselves into a formal company.

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