Business management

Region 2 Coconut Farmers Undergo Small Business Management Training

The International Trade Center (ITC), in collaboration with the Small Business Bureau (SBB), is currently organizing a training course on small business management for coconut farmers in region two.

Speaking to coconut growers on Monday at the opening of the three-day course at the region’s State House, Regional President Vilma De Silva urged farmers to implement what they learn in their businesses. respective. She said she was happy that the region was chosen for such training and that established agro-industrialists are among those benefiting.

“For a business to grow, capacity building is important and for that to happen the business owner needs to realize that record keeping is key…in this region we have over 700 coconut growers and it’s big business here,” De Silva said.

Meanwhile, ITC coordinator Raymond Trotz said the training focuses on issues of entrepreneurship, financial management, record keeping and business and regional administration. He said the initiative is part of ITC’s Alliances for Action (A4A) approach to coconut industry development under phase 11 of the EU-funded project/ CARIFORUM Coconut Alliances 11. The project, he said, is being jointly implemented by ITC and the Caribbean Agricultural Research and Development Institute (CARDI) in 12 countries.

“The main objective of Coconut 11 is to build the capacity of smallholder farmers to facilitate and support the development of the region’s coconut value chain,” Trotz said, while noting that the A4A approach aims to help farmers develop agribusinesses from production to processing and marketing.

He further explained that in Guyana, ITC carries out activities under several Memoranda of Understanding (MoU) signed with government agencies such as NAREI, SBB and GSA.

He said ITC’s wish is to ensure that coconut farmers use the knowledge to grow their businesses. Farmers were asked to organize their activities in such a way that they would be profitable for them. Coconut farmers in regions 4, 3, 2, 10 and 5 also received similar training. Guyana has more than 1,800 coconut producers.

The owner of the Original Juice Center, Ramanand Naitram, also known as “Juiceman”, said the first day of the training was very informative and he was happy to have his company part of it. Naitram said he believes document management is important and he is happy to know how to prepare certain documents for his business.