AGROENTREPRENEURSHIP

– is the cost of borrowing money that is usually calculated as percentage of the amount borrowed. It varies depending on the financial service provider.

– an association of people with common interests who have joined together to meet their social, economic, and cultural needs through a jointly-owned and democratically controlled business. Goods and services include farm inputs, farm labor,

a variety of organizations that provide small loans to low-income individuals who do not have access to banks.

the supply and the demand analysis, price and marketing program and promotions of your business.

– a non-profit group that offers broad services such as financial education, savings, loans, credit, business planning, nutrition and farm diversification plan, to develop and promote agro-enterprise in rural areas

the benefit of the environment, general public, economy, and government from your business.

Give at least 3 examples you ask yourself Before choosing your financial service provider

– the for, of your business organization, your expertise and qualification, and the organizational chart of your business.

a formal of written document that contains the projections for the operational and financial objective of business.

projected income statement of your business.

it refers to the length of time after the due date during which payment may be without penalty.

COMMON PROCEDURES FOR LOAN APPLICATION

SIX QUESTIONS A LENDER WILL ASK YOU

It is something (such as house or machinery), pledges as security for repayment of loan.

– brief discussion of your business such as name, location, business status, capital cost, etc.

privately owned or managed institutions that offers savings, current accounts, loans and insurance to farmers, fishermen and small entrepreneurs in a small community.

– the nature, processes, and land area of your business.

is the length of time allocated for the repayment of the loan.

Give at least 5 Government agencies and government owned and controlled corporations who provide subsidies and agricultural credit.

refers to fees such as processing or service fees charged to an account for processing the loan. These charges may be invoiced separately or as part of the interest rate.