Abstract:

For farmers working in subsistence agriculture, it can be difficult to access credit to purchase farm equipment. To bridge this gap, commitment is needed on the part of project staff working as Agricultural marketing officer to offer basic business and loan management training, recordkeeping and equipment skills to rural smallholder farmers with the opportunity to build their businesses. This will help to improve the creditworthiness of potential borrowers in the agriculture sector; become more attractive to lenders/financial institutions.

Farmers can then use the credit to purchase assets such as seeds, farming equipment or irrigation systems that will help generate income, boosting livelihoods and eventually enabling them to pay back loans.

Access to financial services enables rural smallholder farmers to take the increase from subsistence farming to market-based farming, thereby increasing their productivity and income for the long term. Access to financial services can also provide farmers with tools to escape the cycle of poverty and earn a sustainable livelihood.

The article will assist agribusiness enterprises acquire planning and business skills so as to be fully commercial, and achieve higher profits and competitiveness.

Keywords: Agribusiness, Enterprises, Management & Records.

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