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    POF – an Innovative Financial Product for MSMEs

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    Marketplace Fininnov

    par Marketplace Fininnov

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    Crimson Capital Corp.
    www.crimsoncapital.org
    Country of implementation: Bolivia - Northern Amazon Region
    Through this initiative, Crimson Capital Corp. will work with a selected financial institution to establish a presence in Bolivia’s Northern Amazon Region (at least two full-service branches) and to develop, market and offer an innovative financial product -Purchase Order Finance (POF) - specifically designed to provide much-needed working capital to the regions bio-trade value chains. POF takes into consideration all the actors in the value chain: input and equipment suppliers, producers, processors, distributors, traders, wholesalers, retailers and end consumers rather than just the individual enterprise. The approach leverages existing relationships among those actors to guarantee loans without physical collateral requirements.