Development of a credit and insurance programme for small-scale fisheries in the Philippines

Development of a credit and insurance programme for small-scale fisheries in the Philippines PDF

Author: Gietzen, T., Yang, L., van Anrooy, R., Guinto, E., Badiola, J., Das, P.K.

Publisher: Food & Agriculture Org.

Published: 2022-09-22

Total Pages: 44

ISBN-13: 9251368546

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Small-scale fisheries (SSF) make an important contribution to nutrition, food security, sustainable livelihoods, and poverty alleviation in the Philippines. The Agricultural Credit Policy Council (ACPC) with support from the Asia and Pacific Rural and Agricultural Credit Association (APRACA) and FAO implemented a project from 2020 to 2021 to analyse and improve the availability of financial services to SSF in the Philippines. This circular describes the steps taken by the project implementing agencies and partners in the development of a credit and insurance programme for small-scale fisheries. The document summarizes the project’s achievements and includes information about its outputs, such as training materials, a list of stakeholders and the established network. The project identified the main stakeholders involved in the financial service provision to SSF. The team then surveyed and analysed the current supply of financial and insurance services as well as the demand for such services by fishers and fisherfolk organizations. Based on the survey results, ACPC developed training materials, which follow a train-the-trainer approach. Trainings were conducted in November 2021 for representatives from government organizations, non-governmental organizations (NGOs), financial institutions (both public, private and microfinance institutions) and fisherfolk organizations. The trainings covered business development services for the SSF and the processes used by financial institutions to supply financial services to SSF. ACPC and APRACA established a network of stakeholders interested in exchanging experiences and increasing financial service provision to SSF. The PhilNet SSF network was launched on 29 November 2021. Eighteen institutions participated in 2021 in the network, demonstrating a wide interest in engaging on the subject. Several financial sector stakeholders involved in the project have made efforts to increase their financial services provision to SSF. The project laid the groundwork for further improving financial and insurance services provision to SSF in the Philippines.

Financing small-scale fisheries in the Philippines

Financing small-scale fisheries in the Philippines PDF

Author: Badiola, J.A.R., Guinto, E.J., Das. P.K., Gietzen, T., Yang. L., Van Anrooy, R.

Publisher: Food & Agriculture Org.

Published: 2021-12-20

Total Pages: 10

ISBN-13: 9251355096

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This policy brief summarizes the findings of surveys among financial and insurance providers, fishers and fisherfolk organizations in the Philippines in 2021. It explains why financial services are important for small-scale fishers (SSF) and provides recommendations for improving their access to finance and insurance. SSF make an important contribution to food security and the rural economy. The average income of most SSF is below the poverty line of USD 2 500/year. For economic growth and sustainable fishing operations SSF need access to financial and insurance services. Less than 50 percent of the SSF have access to financial services. Only 30 percent of SSF have a savings account at a bank. Many financial and insurance service providers in the Philippines are willing to provide their services to SSF. However, financial institutions find it hard to supply credit to SSF, because of the seasonality of the fishing business, lack of insurance of fishing vessels, and limited technical knowledge about fisheries within their institutions. Digital finance tools are required to deliver credit more efficiently to SSF. Fisheries organizations and financial institutions have a joint interest to increase financial literacy, and enhance business planning and record keeping skills of SSF.

Report of the Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia

Report of the Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia PDF

Author: Food and Agriculture Organization of the United Nations

Publisher: Food & Agriculture Org.

Published: 2019-10-17

Total Pages: 51

ISBN-13: 9251318581

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The Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia was held in Bangkok, Thailand in the period 7-9 May 2019. Rural finance, insurance and fisheries experts from Bangladesh, China, India, Indonesia, Japan, Philippines, Thailand, UK, Canada and the USA met to discuss ways to improve the access to financial services for small-scale fishers in Asia. The workshop aimed to discuss successful finance and insurance programmes in Asia for small-scale fishers, finalize practical guidelines in support of better access to financial services, and design a capacity building programme for increasing the provision of finance and insurance services to small-scale fisheries. The workshop was attended by 32 experts and was organized by the Asia-Pacific Rural and Agricultural Credit Association (APRACA) in close collaboration with FAO. The insurance and credit guidelines prepared will facilitate the implementation of the Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Poverty Eradication and Food Security (SSF Guidelines), as well as contribute towards achievement of Sustainable Development Goal 14. Access to finance and insurance services will enable the small-scale fishers to invest in more responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management and implement climate change adaptation measures. The micro-finance, credit and insurance guidelines for small-scale fisheries have been endorsed by APRACA members in June 2019, and implementation throughout the Asian region is promoted.

Innovations for investment: financing small-scale fisheries in Thailand

Innovations for investment: financing small-scale fisheries in Thailand PDF

Author: Food and Agriculture Organization of the United Nations

Publisher: Food & Agriculture Org.

Published: 2023-05-04

Total Pages: 52

ISBN-13: 9251378231

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To make small-scale fisheries in Thailand more sustainable, fishers need to invest in responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management, and implement climate change adaptation measures. Small-scale fishers often do not have access to financial services to innovate and to make the necessary transition to sustainable fishing operations. Access to financial services will help them to innovate and adopt measures that will provide social, economic and environmental returns, the desired triple bottom line. The Asia-Pacific Rural and Agricultural Credit Association (APRACA) and FAO, in collaboration with the Bank for Agriculture and Agricultural Cooperatives (BAAC), implemented a project to analyse and improve the access of small-scale fishers to financial services in Thailand.The project identified the key finance and fisheries sector stakeholders, carried out surveys and interviews and conducted a techno-economic performance analysis of some major fishing fleets, to investigate the potential innovations for investment in small-scale fisheries. APRACA and BAAC drafted training materials and conducted various trainings on financing small-scale fisheries. The project also supported the launch of a national network for stakeholders involved in financing the fishing sector in Thailand (ThaiNet SSF). This circular provides a summary of the project achievements.

FAO publications catalogue 2023

FAO publications catalogue 2023 PDF

Author: Food and Agriculture Organization of the United Nations

Publisher: Food & Agriculture Org.

Published: 2023-10-10

Total Pages: 148

ISBN-13: 9251380570

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This catalogue aims to improve the dissemination and outreach of FAO’s knowledge products and overall publishing programme. By providing information on its key publications in every area of FAO’s work, and catering to a range of audiences, it thereby contributes to all organizational outcomes. From statistical analysis to specialized manuals to children’s books, FAO publications cater to a diverse range of audiences. This catalogue presents a selection of FAO’s main publications, produced in 2023 or earlier, ranging from its global reports and general interest publications to numerous specialized titles. In addition to the major themes of agriculture, forestry and fisheries, it also includes thematic sections on climate change, economic and social development, and food safety and nutrition.

International Year of Artisanal Fisheries and Aquaculture 2022

International Year of Artisanal Fisheries and Aquaculture 2022 PDF

Author: Food and Agriculture Organization of the United Nations

Publisher: Food & Agriculture Org.

Published: 2023-03-30

Total Pages: 84

ISBN-13: 9251377529

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Fish, molluscs, crustaceans and aquatic plants are fundamental, essential and indispensable foods eaten by people around the world as part of healthy diets, cultural heritage and culinary tradition. Small-scale artisanal fisher and fish farmers produce a large portion of this food. The International Year of Artisanal Fisheries and Aquaculture (IYAFA) 2022 was an opportunity to highlight the importance of small-scale artisanal fisheries and aquaculture for our food systems, livelihoods, culture and the environment. This report provides a summary overview of the objectives, activities and recommendations of the IYAFA 2022. It aims to motivate relevant stakeholders to ensure that the end of the Year is the beginning of a new era of support for small-scale fisheries and aquaculture.

Globalisation and Fisheries Proceedings of an OECD-FAO Workshop

Globalisation and Fisheries Proceedings of an OECD-FAO Workshop PDF

Author: OECD

Publisher: OECD Publishing

Published: 2008-01-04

Total Pages: 340

ISBN-13: 9264037772

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This conference proceedings highlights the key risks and opportunities that policy makers need to address relative to fisheries globalisation so that on the one hand, the opportunities that are created are not missed while, on the other, the risks are addressed appropriately.

Report of the workshop on development of aquaculture insurance system for small-scale farmers, Bangkok, Thailand, 20–21 September 2016

Report of the workshop on development of aquaculture insurance system for small-scale farmers, Bangkok, Thailand, 20–21 September 2016 PDF

Author: Food & Agriculture Organization

Publisher: Food & Agriculture Org.

Published: 2018-11-14

Total Pages: 51

ISBN-13: 9251096341

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The regional workshop “Development of Aquaculture Insurance System for Small-scale Farmers” 20–21 September 2016, Bangkok, was joined by participants from China, Philippines, Thailand and Viet Nam. It contains two parts. The first aimed at answering the question, “What would make insurance available for and accessible to small-scale farmers?” The second was focused on exploring potential shrimp insurance schemes. The Workshop achieved the following outcomes: (1) made farmers, farmer advisers, re searchers and academics more familiar with the business and technical requirements of insurers, (2) made insurers become more familiar with the circumstances and needs of farmers, (3) confirmed that insurers continue to view aquaculture as a high-risk industry, (4) highlighted the need to incorporate risk assessment and management in the development of better farm management practices in line with the requirements of insurance, and (5) confirmed the usefulness of bundling financial products in t he development of institutional services for farmers.

Report of the Consultation on the Establishment of a Fisheries Credit Network for Asia and the Pacific

Report of the Consultation on the Establishment of a Fisheries Credit Network for Asia and the Pacific PDF

Author: Bishnu P. Shresta

Publisher: Food & Agriculture Org.

Published: 1995

Total Pages: 48

ISBN-13: 9789251036679

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The aim of the Consultation was to review problems and prospects of the fisheries sector in the region as well as of institutional fisheries credit and to make recommendations as to how to strengthen fisheries credit delivery and recovery through regional networking. The Consultation looked at the current investment requirements and credit needs in selected countries of the region, discussed case studies of successful institutional credit programmes, and prepared a proposal for the establishment of a fisheries credit network.