REPORTS - BOBP/REP/55
A Shri Lanka Credit Project to Provide Banking Services to Fisherfolk
by
Claude Fernando
Senior Development Adviser, BOBP
D. Attanayake
National Credit Officer, BOBP
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REPORTS - BOBP/REP/55 A Shri Lanka Credit Project to Provide Banking Services to Fisherfolkby |
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Executing Agency: FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS Funding Agency: UNITED NATIONS DEVELOPMENT PROGRAMME BAY OF BENGAL PROGRAMME; Madras, India 1992 |
| The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. |
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© FAO 2004
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At the request of the Ministry of Fisheries and Aquatic Resources, Shri Lanka, the Bay of Bengal Programme for Small-Scale Fisheries Development (BOBP) launched a Fisherfolk Credit Project that would provide comprehensive banking services to the fishing community through the introduction of need-based lending schemes, incorporating the principles of simplicity, timeliness and flexibility. The Project involved a series of activities, such as the conducting of a socio-economic survey, a number of training programmes and several studies of past fisherfolk credit activities, cost and earnings of small-scale economic activities, marketing strategies for fisheries credit and training needs of banks, training and orientation of fisheries and bank officers and the prospective borrowers, all ultimately leading to the design and implementation of a viable fisheries credit scheme. The design and the formulation of the credit scheme was the output of a joint exercise by the participating banks and the fisheries administration and was supported by BOBP. Credit disbursement began in mid-1992. This report describes the activities carried out by the Project, highlights the main features of the credit scheme, and discusses the lessons learnt. |
INTRODUCTION
1.1 Background
1.2 Institutional credit for fisheries
1.3 Lending by banks
1.4 The origin of the BOBP credit project
1.5 Project objectives
1.6 Target groups
1.7 Project area and implementation
1.8 Participating agencies
2. PREPARATORY ACTIVITIES
2.1 Socio-economic survey
2.2 Studies
3. THE CREDIT SCHEME
3.1 Activities to be financed
3.2 Credit purposes
3.3 Identification and eligibility of borrowers
3.4 Terms and conditions for loans
3.5 Banking plan
3.6 Loan application procedure
3.7 Appraisal, approval and documentation
3.8 Post-disbursement supervision
3.9 Monitoring
4. IMPLEMENTATION OF CREDIT SCHEME
4.1 Orientation programmes
4.2 Training workshops
4.3 Fisherfolk borrower education and extension programme
4.4 Loan disbursements
5. LESSONS LEARNT
5.1 Participatory approach
5.2 Agency interaction
5.3 Sustainability
5.4 Role of BOBP
5.5 Subsidies and refinance
5.6 Transfer of trained staff
5.7 Multiplicity of projects
5.8 Attitudes of officials
I. Composition of the Credit Scheme Formulation Committee
II. Summary Sheet of recommended economic activities
III. Banking Plan
IV. Application for a Loan
V. Additional information for loan application
VI. Guarantor’s statement
VII. Monthly report format
VIII. BOBP pamphlet on Fisherfolk Credit Scheme