Advantages and disadvantages of SEIFAC (Smallholder Economic Interest Farmers Agricultural Cooperative)

 Advantages and disadvantages of SEIFAC (Smallholder Economic Interest Farmers Agricultural Cooperative)

Advantages and disadvantages of SEIFAC (Smallholder Economic Interest Farmers Agricultural Cooperative)
THERE IS SOMETHING BOTHERING ME WITH SEIFAC PROGRAM. THERE ARE SPECULATIONS GOING ROUND ABOUT THIS LOAN OF A THING.

1. SOMEONE TODAY TOLD ME THAT SEIFAC WILL CREDIT YOUR ACCOUNT BUT YOU WONT HAVE ACCESS TO THE MONEY IN THE ACCOUNT, MEANING YOU WILL NOT BE ABLE TO WITHDRAW ANY AMOUNT. SEIFAC WILL HAVE FULL ACCESS TO THE ACCOUNT VALUE.

2. THAT, SEIFAC WILL BUY ALL ITEMS AND INPUTS FOR YOUR FARM.

3. THAT, SEIFAC WILL CHECK AND BALANCE YOUR ACCOUNT FOR ALL EXPENSES FOR YOU.

4. THAT SEIFAC WILL HAVE TOTAL CONTROL OVER YOUR FARM PRODUCT FROM HARVEST TO SELLS OF PRODUCTS THEN REMAINING PRODUCTS WILL BE YOUR PROFIT.

Okay, let me breakdown things for SEIFAC IF THIS IS WHAT THEY ARE GOING TO DO FOR WE FULL TIME FARMERS.

WE AGREE WITH THE ACCOUNT OPENING AND CASH DEPOSIT OF ACTIVATION.

BUT WHAT WE DON'T AGREE PEOPLE LIKE ME IS THAT, 

1. WE WILL NOT ALLOW ANY PROGRAM TO HAVE CONTROL OVER MY ACCOUNT AS IT SERVE AS MY SECRET MONEY ACCOUNT.

2. HOW CAN I BE A FARMER AND SOMEONE WILL BE CONTROLLING MY FARM ACTIVITIES AS IF IT IS NOT A FULL AGREED LOAN OR AM A FRESHMAN IN FARMING.

3. IF I WILL BE GIVEN A LOAN AND A SPECIFIC TIME TO PAY, SO LET THEM ALLOW ME TO FINISH MY FARMING THEN I PAY BACK NOT TO INTERFARE TO MY ACTIVITIES.

4. IF LOAN LIKE THIS IS TO CARRY OUT, THEN AM QUIET SURE MANY, MANY LIKE ME WILL NOT BE COMFORTABLE WITH THE LOAN BUT TO REJECT THE LOAN AGREEMENT.

MY SUGGESTION TO SEIFAC IS THAT, IF LOAN WILL BE GIVEN TO AN INDIVIDUAL

1. THEN, ACCOUNT ACCESS SHOULD BE FOR THE ACCOUNT HOLDER NOT ANYONE.

2. ALL CAPITAL CREDIT TO THE ACCOUNT SHOULD NOT BE TEMPERED BY SEIFAC AS SAID IT IS A LOAN TO FARMERS.

3. THE ONLY THINGS SEIFAC TO-DO IS TO WAIT FOR THE END PERIOD OF TIME OF PAYMENT OF LOAN FROM FARMERS.

I HOPE THE LISTED ABOVE BEING SPECULATED ARE FALSE INFORMATION FROM PEOPLE SAYING AROUND. 

SEIFAC, MANY FARMERS ARE WAITING FOR THE LOAN AS RAINFALL HAS STARTED ALREADY IN SOME PARTS OF THE COUNTRY.

WE HOPE SEIFAC WILL HAVE A REASONABLE DECISION FOR AN EASY ACCESSING OF THE MONEY CREDITED TO EACH FARMER.

MAY GOD HELP SEIFAC AND ITS MANAGEMENT.


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