Blog » Webinar: Made in Brazil, ADOPTED in Ukraine: INNOVATIVE PRE-SEASON financing for farmers Ukraine Crop Receipts – Pre-Conditions for Success
Crop receipts have become a secure and efficient financing instrument in Ukraine that enables farmers to use their future crops as collateral to access financing for inputs such as seeds and fertilizers. Supported by the IFC project, over 2,000 farmers in the country have issued 4,500 crop receipts for 40 crops in just a few years to obtain over $1 billion of financing from 200+ creditors (60% of which was input suppliers) and the NPL ratio remains less than 1%. The presentation explained the details of the project and summarized the key success factors ranging from proactive government, out of court enforcement, public register to developed and diversified supply chains. During the Q&A, the discussants and the participants further discussed the possibility to introduce crop receipts in other counties.