To build Agri-finance knowledge and skills amongst client-facing and credit risk staff a series of tailor-made training were organized.
Context
Opportunity Bank Uganda Limited (OBUL) is a Commercial Bank licensed and regulated by the Central Bank of Uganda. OBUL offers tailormade products and services for Individuals, micro, small, medium and large sized enterprises.
Challenge
Opportunity Bank wanted to start offering larger SME loans to agri-business entities with a focus on a number of pre-selected value chains. But many of its staff were micro-finance specialists and lacked the knowledge of lending to business entities. Likewise, there were experience gaps at the Credit Risk Department that made the credit approval process less efficient than it could be.
Solution
89 Agricultural Lending Officers and Credit Risk Analysts from OBUL attended training sessions on Agricultural Finance fundamentals. The curriculum was taught over a period of three days. Training occurred in two waves with the basics taught in 2022 followed by advanced training in 2023. Both times the locations were Masaka and Mbale.