Financial literacy is an essential component for any organization to make informed decisions and achieve financial sustainability. It is particularly important for the Board of Directors and staff of FPOs (Farmer Producer Organizations) to have a sound understanding of the financial landscape, as they are responsible for managing the organization's finances and making strategic decisions related to funding and investments.
This FPO Financial Literacy series developed by APMAS, with the support of Emmanuel Murray, aims to provide practical guidance on how borrowing works, availing government schemes, the rights and responsibilities of the BoD and staff, the Dos and Don’ts to ensure that the loans are obtained only when necessary & utilized optimally etc. It is hoped that as we release this knowledge series in a modular fashion, it will evolve into a Handbook for FPOs that is widely available and regularly referred to.
This Handbook is for general use, with a deliberate focus (bias) on building awareness, understanding and capability of FPO Board of Directors, FPO CEO and other staff to borrow loans responsibly and utilize effectively.