The Agribusiness Development Centre (ADC) together with its partners, DFCU Limited and Uganda Coffee Development Authority (UCDA), have awarded over 50 SACCO beneficiaries with certificates after they completed a thirteen-week training in financial literacy and management, good governance, and agriculture marketing.
The purpose of this training was to teach and certify members of Mabira Coffee Cooperative Society and SAO-Ngogwe Savings and Credit Cooperative Ltd on how to grow the financial base of their SACCOs and the agribusinesses of their members.
The training module also included business planning, cash flow modelling, coaching, and mentorship following international best practices that guarantee enterprise growth.
“In a bid to become self-sufficient and bankable, these farmers were taught how to add value and source markets for their products. Some of those that were awarded are cooperatives that are selling in bulk, and this helps the farmers bargain for a better price.” said Sharon Kalanzi the ADC Central business advisor.
She adds “Therefore, our intention going forward is to continue involving more stakeholders so that together we train and link more farmers to the market and finance so that we contribute to at least 10 % increase in income of the 50% trained people per year.”
According to a beneficiary, Wilberforce Kisimbira, the chairman of Mabira Coffee Cooperative Society “We were scattered and uncoordinated in our operations, a challenge that affected our SACCOs’ growth for years. We have been selling our coffee independently at low prices, so our incomes do not reflect the years we have spent in the trade.” He says this training has opened their eyes.
SAO-Ngogwe Savings and Credit Cooperative Ltd vice chairperson Katumba Lazarus says their SACCO needed assistance with governance, particularly in the roles of the board of directors and management.
One of ADC’s mandates is to link farmers to markets and finance, hence the presence of DFCU Limited as an agricultural finance institution offering free account opening with no monthly charges. This is seen as a motivator for farmer-based organizations.
UCDA’s coffee extension officer of Buikwe and Buvuma Charles Nkugwa notes that the authority is proud to partner with organizations like ADC to achieve shared goals in the coffee road map of Uganda. “it saves us money, labour and time during field operations with each stakeholder focusing on its most productive role at every value chain, these SACCOS are growing knowledge.”
The objective of this training is to be able to contribute directly to some of the SDGs: 8-Decent work and economic growth; and 17- Partnerships for goals.
ADC’s recent strategic position dictates that farmers trained through ADC channels should be at least 40% women and 60% youth and the 50% of the overall people trained should be linked to financing and the other 50% to market and inputs.
ADC is a nonprofit organization that fosters the self-reliance and bankability of Farmer-Based Based Organizations (FBO), Small and Medium Enterprises (SME) in agribusiness, and Savings and Credit Cooperative Societies (SACCOs) through capacity building and related Business Development Services.
This is being done through training, acceleration, investment readiness support, and coaching in the fields of; good governance and leadership, financial management, marketing, price risk management (for coffee and cocoa value chains), and financial literacy to promote linkages. These training are delivered through an online platform as well as physically through a network of Business Advisors in six regions of Uganda.