Business chains hold out new hope for rural development

Business chains represent a new development model that is being adopted in rural Guatemala. Promoters say it can do more to build prosperity than any political or government mechanism.

Tuesday, July 8, 2008

The first stage in the development of a chain is the identification of a buyer interested in acquiring a product of a rural community. The buyers are linked to producers' associations capable of meeting targets and product specifications. The producers are then provided with technical assistance.
Over the last two years, 1,833 producers have successfully formed 10 chains, of which six are agricultural, one agro-industrial, one is in tourism and another in handicrafts. Total sales so far come to US$1.5 million.

More on this topic

Agricultural Value Chain Finance

October 2009

Seminar covering best practices in agricultural value chains and financing its components.

The seminar is being organized to take place in Costa Rica in the second half of November, 2009.

The target audience will be representatives of financial entities active in the agricultural sector, non-financial companies with a stake in the sector (producers, cooperatives, processors, exporters, marketers, input suppliers), Government authorities, business chambers, non-governmental organizations, international organizations and academic the use of agricultural value chains as a mechanism for offering financial services to all the stakeholders involved.

Plastics Industry in Costa Rica

February 2011

Exports promotion agency Procomer unveiled a study of the plastics industry in the country, focused on business linking opportunities in Costa Rica and abroad.

The study was based on surveys to 52 companies operating in this industry, and some of the findings include that 78% of the sector is made up by small and medium companies, which require industrial and administrative technology to develop attractive permanent deals.

The Advantages of Belonging to a Consortium

February 2016

Eleven clusters are operating in Costa Rica, in sectors ranging from digital animation to flowers, food or agricultural products, seeking better operating and financial leverage.

Achieving greater access to credit, winning new customers and suppliers, discussing industry issues and possible solutions, more formalized operation or devising new strategies are part of the benefits of belonging to a cluster, a policy that is actively supported by the Costa Rica Foreign Trade Promotion Office (PROCOMER).

Consortiums: Strength Through Union

March 2009

Overcome weaknesses, build strengths; partnerships between companies to achieve vertical or horizontal integration is a good bet for growth.

Some of the forms of horizontal integration that business partnerships assume are to reduce costs by purchasing a pool of supplies, market exports as a whole and consolidate to lower freight charges.

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