Revolving Loan Funds And Credit Programmes For Fishing Communities - Management Guidelines

Management Guidelines

Revolving Loan Funds And Credit Programmes For Fishing Communities

FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS

Rome, 1989

Table of Contents

Reprinted 1992, 2004

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.

ISBN 92-5-102880-X

All rights reserved. Reproduction and dissemination of material in this information product for educational or other non-commercial purposes are authorized without any prior written permission from the copyright holders provided the source is fully acknowledged. Reproduction of material in this information product for resale or other commercial purposes is prohibited without written permission of the copyright holders. Applications for such permission should be addressed to the Chief, Publishing and Multimedia Service, Information Division, FAO, Viale delle Terme di Caracalla, 00100 Rome, Italy or by email to [email protected]

© FAO 1989

Bibliographic reference:
Dorsey, J.F., Jr.; Ryhanen, P.A.; Tietze, U. Revolving loan funds and credit prograinmes for fishing conununities. Management guidelines. Rome, FAO. 1989. 163p.

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TABLE OF CONTENTS

MANAGEMENT GUIDELINESpdf

PREFACE

1. INTRODUCTIONpdf

2. INITIAL CONSIDERATIONSpdf

Marine resources and environmental, macro-economic and socio-economic aspects
Information necessary for operating credit and savings programmes
Checklist

3. LENDING POLICYpdf

Selection of the target group
Assessment of credit needs and funds programming
Selection of bankable activities and preparation of lending programme
Maintenance of the real value of the revolving fund, determination of interest rates and margins
Terms and conditions of lending: maximum lending periods for programme activities; grace period for payments on capital; borrower contribution to project finance
Preparation for the revolving loan fund programme
Assessment of savings needs and potential
Checklist

4. INSTITUTIONAL ARRANGEMENTSpdf

Revolving loan funds set up in cooperation with a national financial institution
Project-managed revolving loan funds
Local credit and savings associations
Checklist

5. LENDING PROCEDURESpdf

Application form and documentation
Appraisal: character appraisal, credit history and repayment capacity
Sanction
Advice
Conclusion of loan agreement
Disbursement of loan
Supervision of loan use
Checklist

6. REPAYEMENT AND LOAN RECOVERY PROCEDURESpdf

Understanding loans
Scheduling repayment and repayment receipts
Arrears control
Legal enforcement
Interest calculations
Checklist

7. REVOLVING FUND ADMINISTRATIONpdf

Annual workplan and lending programme budget
Accounting: procedures for making effective
use of loan ledgers, invoices, vouchers Auditing: need for annual audits
Treatment of bad and doubtful debts
Monitoring cost of lending and adjustments to interest rates and fees
Other banking services required by fisherfolk and area residents
Checklist

ANNEXESpdf

SAMPLE DOCUMENTS, FORMS AND CALCULATIONS FOR REVOLVING FUNDS

1. Assessment of credit needs/fund planning and management
2. Establishment of a revolving loan fund
3. Loan application, sanction, appraisal
4. Loan administration
5. Interest calculations

BACKCOVERpdf