World Bank GroupWorld Wildlife Fund2015-04-082015-04-082014-11https://hdl.handle.net/10986/21698Like many organizations working in the tourism sector, the authors believe that private sector investment is one of the key drivers of development. Over the past few years, the private sector has been a central innovator in forging business partnerships with local communities for tourism purposes around the world. Having demonstrated some extraordinary development results, joint ventures increasingly need to demonstrate their commercial viability over the long term. Moving out of the donor and grant-funded sphere and into the competitive capital markets in search of finance has posed a significant challenge. The author have observed that many community joint venture partnerships contain high levels of risk and that this risk usually is too high for banks to assume. The author have learned that this risk could be reduced to more acceptable levels in a number of ways, notably through better market-orientation and a more competitive enabling environment. This guide provides nine tips for all actors involved in this arena, including governments, the private sector, communities, banks, and nongovernmental organizations, to reduce risk and greatly improve joint ventures access to commercial finance.en-USCC BY-NC-ND 3.0 IGOaccess to creditaccess to financeaccess to financingAccess to Marketsaccountantaccountingaccounts receivablesAdministrative Barriersasset baseasset qualityauctionsauto loansbalance sheetBalance Sheetsborrowerbusiness communitybusiness developmentbusiness enterprisebusiness planBusiness plansbusiness risksCapacity Buildingcapital injectionscapital investmentcapital marketscapital requirementcapital stockCapitalizationcash flowcollateralcollateral for loanscollateral registriescollateral registrycollateral requirementsCommercial bankscommercial financecommercial lenderscommercial loancommercial loanscommunity developmentcompetitive marketcontractual obligationsCorporate governancecredibilitycredit applicationscredit historycredit informationcreditorscreditworthinessdebtdebt obligationsdebt servicedecision makingdefault ratedeveloping countriesdispute resolutiondiversificationdividendsdonor fundsdue diligenceearningseconomic developmenteconomic opportunitiesemerging economiesemerging marketsempowermentenabling environmententrepreneursenvironmentalenvironmental managementenvironmentsequipmentequity contributionEquity investorsexpenditurefacilitationfarmsfiduciary responsibilityfinancesfinancial healthfinancial historyfinancial informationfinancial institutionsfinancial managementfinancial obligationsfinancial performancefinancial productsfinancial statementsfinancial structuresfinancial track recordfinancial viabilityfixed assetfixed costsfuture cash flowfuture cash flowsgood creditgood faithgreater accessgroups of peopleGuarantee Agencyholdinghousehold incomeshuman resourcesimmovable assetsimmovable propertyincome streamsincome taxInstitutional Capacityinstitutional investorsinsuranceinsurance productsintellectual propertyinterest paymentsinternal rate of returnInternational Financeinventoryinvestinginvestment fundinvestment opportunitiesinvestment periodinvestment policyjob creationlack of informationlack of knowledgeland ownershipLand Reformland rightslandownerlease agreementlease agreementslease paymentslegal advicelegal constraintslegal frameworkLegal requirementslenderlenderslending decisionlimited accesslines of creditliquidityloan applicationloan portfoliolocal businesslocal governmentlocal marketlocal securitylong-term debtlong-term investmentmarket competitionmarket confidencemarket failuresmarketable assetsmicroenterprisesminority shareholderMonetary Fundmovable assetmovable collateralmovable property as collateralNational Banknational incomenatural capitalnatural resourcesnonprofit organizationsoiloperating costsoperational costsopportunity costopportunity costspolicy makersportfoliospresent valueprivate investorsprofitabilityrate of returnregistry systemregulatory frameworkreinvestmentsRepaymentreservesResource Managementresource usereturnreturn on investmentreturn on investmentsreturnsrural communitiessecuritiesshareholdershareholdersshort-term assetssmall enterprisessmall-businesssocial developmentsocial enterpriseSocial enterprisessocial responsibilitysources of financestartup capitalstock exchangesstocksstreamssustainable developmenttaxtax exempttax incentivesterm credittradeoffstradingtransactiontransactions lawtransactions lawsTransactions Systemstransparencyturnoverunacceptable collateralunderlying assetunderlying assetsUnionunsecured loansvaluable assetsworking capitalWorld Bank10.1596/21698