DBN. A presentation on the DBN s MSME Support & Strategy-Emphasis on Innovation Fund Occasion:NBIC Entrepreneurs Circle

Size: px
Start display at page:

Download "DBN. A presentation on the DBN s MSME Support & Strategy-Emphasis on Innovation Fund Occasion:NBIC Entrepreneurs Circle"

Transcription

1 DBN A presentation on the DBN s MSME Support & Strategy-Emphasis on Innovation Fund Occasion:NBIC Entrepreneurs Circle MICHAEL HUMAVINDU, Research Department 28 February 2011

2 Contents 1. Introduction to the DBN 2. MSME context underpinning DBN s approach 3. Current MSME offering 4. New MSME Credit Delivery Strategy 5. MSME Rollout Plans 6. DBN s MSME Products Rollout 2011 and beyond 7. Innovation Fund

3 Introduction to the DBN The Development Bank of Namibia provides finance for viable enterprises and sustainable initiatives that contribute measurably to the development of Namibia. The Bank provides finance for private sector start-ups and expansions, equity deals, bridging finance, enterprise development finance, trade finance, small and medium enterprises, public private partnerships, public sector infrastructure, local authorities, and bulk finance to responsible micro-finance providers. The DBN only finances Namibian participation in projects.

4 MSME context underpinning DBN s approach Local Research on SMEs shows that: SME Financing Gap exists; Access to Finance and Cost of Finance are twin challenges; Devising interventions strategies should be grounded in the twin challenges of limited access and cost of credit; and There are also demand side, supply side and institutional bottlenecks to financing SMEs.

5 Current MSME Offering ( N$150K-N$2.5 million) Bridging Finance-Tender Based Finance SME Term Loans Microfinance Apex Facility Innovation Fund (Loans up to N$50,000 for innovative ideas) Purpose To provide finance for enterprises that create jobs. To provide funds to commercial lenders, for on-lending to enterprises to reduce the cost of loans that work towards the development of the country To promote innovative ideas at the micro & small entrepreneur level. Mentoring programmes offered through financial intermediaries and dedicated service providers like SMEs Compete and IMLT.

6 New MSME Credit Delivery Strategy DBN to expand the direct provision of finance spectrum gradually. Smart partnership model to be pursued with Nampost to secure wide outreach. More emphasis on introducing relevant products for the MSME markets-therefore external and internal research essential. Strategy will embrace introducing new products, but also revamping, where feasible, current products that are not moving. A new department dealing with business development and support established in January This will develop a comprehensive strategy for entrepreneurial support and development.

7 MSME Rollout Plans New Products launched in January 2011 Factoring and Invoice Discounting (as a composite) Leasing Strategy based on internal capacity of DBN lending operations as well as other resources. Gradual and selective provision of products.

8 DBN S MSME Products Roll Out 2011 and beyond A Credit Line Product for the Trading Sector-moulded along the lines of a commercial bank overdraft. Investigate Insurance Premium Finance option. Research the options and viability for a National Venture Capital Facility

9 Possible MSME Future Strategies Further national frameworks are required to deepen access of finance by MSMEs through the following strategies: Developing MSME credit rating framework/msme Credit Bureau; Invoice Clearing Bureau for the validation of accounts payable by purchasers; Development of a National Policy Based Lending Framework for MSMEs; Help further develop the expansion of the registration system for collateral to include all assets useful for MSME lending.

10 Innovation Fund-What is is What is the Innovation Fund? It s a facility that fosters implementation of concepts that will enable delivery of new products and services to the market. In its endeavour to advance entrepreneurship, the DBN identified a need to provide financial support to entrepreneurs with original business concepts and technology that may not have been fully tested and harnessed, but that have potential to deliver new or improved. Loans up to N$50,000.

11 Innovation Fund-Criteria Under the facility, the Bank considers initiatives that meet the following criteria: The invention of a new product or services; or The improvement of a new product or service; or A new process of adding value to a Namibiansourced raw material. The products, services or processes should be able to find a market or use in the local or export market.

12 Innovation Fund-Eligibility and Conditions Who can benefit from this fund? Locally registered businesses that meet the stated criteria. What requirements/conditions must the application meet? It has to be a locally registered business that meets the Bank s stated criteria related to Innovation. Further, the funds availed should go towards implementation of a business concept and not for research and development. The business concept should also be implemented in Namibia.

13 Innovation Fund- Repayment & Terms What are the repayment terms As with all DBN facilities, the repayment terms for the Innovation Fund are determined on a case-bycase basis. However, the facility is distinct from the Bank s other products in an important way, in that clients under the Innovation Fund only repay the capital amount advanced and no interest. This is part of the endeavour to help clients get the project off the ground. Security/Collateral requirements are relaxed.

14 Innovation Fund- Examples Ndeya Grace: DK s Silk Products: Mbeha Software Solutions: Clocknet Technology: Katutours: Ndafy Creations: peanut butter manufacturer duvets from silk worm security management system developers integrated IT offering (computer sales, training, maintenance) bicycle tours in Katutura decorative candle manufacturer

15 Innovation Fund- How to Apply Submit a Cover letter and Business Plan to: The Special Development Fund Development Bank of Namibia PO Box 235, Windhoek Mail or hand deliver at Reception, 12 Daniel Munamava Street, Windhoek.

16 DBN and NBIC What does the relationship between DBN and Namibia business innovation centre entail with relevance to the innovation fund? There is no specific relationship pertaining to the fund specifically. There is, however, a longstanding commitment to support the work of the Namibia Business Innovation Centre in line with the DBN s philosophy that innovation advances development and growth. To this effect, the DBN was the first local corporate to sponsor the Namibia Business Innovation Centre, in 2007; the Bank serves on the Centre s advisory board; and it supports the Centre s activities through its Corporate Social Investment Programme.

17 Thank you

Non-Bank Debt Finance providers operating in Ireland

Non-Bank Debt Finance providers operating in Ireland Non-Bank Debt Finance providers operating in Ireland Presented by: Tom Early Enterprise Ireland Date: Tuesday 10 th February 2015 Understand the Banks Perspective Banks are concerned with REPAYMENT CAPACITY

More information

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities Small Business and Entrepreneurship Development Project (RRP UZB 42007-014) SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems,

More information

Non-Bank Debt Finance providers operating in Ireland. Date: Wednesday 10 th December 2014

Non-Bank Debt Finance providers operating in Ireland. Date: Wednesday 10 th December 2014 Non-Bank Debt Finance providers operating in Ireland Presented by: Tom Early Date: Wednesday 10 th December 2014 Understand the Banks Perspective Banks are concerned with REPAYMENT CAPACITY De-risking

More information

Schemes for Financing Micro, Small and Medium Enterprises

Schemes for Financing Micro, Small and Medium Enterprises Schemes for Financing Micro, Small and Medium Enterprises Background The Small Scale Industries Sector, redefined since 2006 as the Micro Small and Medium Enterprises Sector has played a seminal role in

More information

Access to Finance. Here is a list of bridging Finance, Factoring and other support services available for SMME's:

Access to Finance. Here is a list of bridging Finance, Factoring and other support services available for SMME's: Access to Finance Here is a list of bridging Finance, Factoring and other support services available for SMME's: Small Enterprise Foundation Location: Limpopo How Much: loans of maximum of R 1 600 Requirements:

More information

CREDIT GUARANTEE SCHEME

CREDIT GUARANTEE SCHEME CREDIT GUARANTEE SCHEME Customer Frequently Asked Questions 1. What is the purpose of the Scheme? The purpose of the Scheme is to encourage additional lending to micro, small and mediumsized enterprises

More information

FINANCE AND BUSINESS DEVELOPMENT SERVICES FOR ENTREPRENEURSHIP DEVELOPMENT: (SME lending in Kenya, from microfinance institution to SME bank )

FINANCE AND BUSINESS DEVELOPMENT SERVICES FOR ENTREPRENEURSHIP DEVELOPMENT: (SME lending in Kenya, from microfinance institution to SME bank ) FINANCE AND BUSINESS DEVELOPMENT SERVICES FOR ENTREPRENEURSHIP DEVELOPMENT: (SME lending in Kenya, from microfinance institution to SME bank ) What is K-Rep Bank Vision - Mission- To be the financial services

More information

Small Business Initiative. Investing in small businesses, building big economies

Small Business Initiative. Investing in small businesses, building big economies Small Business Initiative Investing in small businesses, building big economies Impact: This contributes to creating a vibrant small and medium-sized enterprise (SME) sector, a vital ingredient for a healthy

More information

5. Funding Available for IP-Rich Businesses

5. Funding Available for IP-Rich Businesses 20 IP Finance Toolkit 5. Funding Available for IP-Rich Businesses Introduction As the Banking on IP? report notes; SMEs first port of call for finance is often a bank. Figures quoted in the report show

More information

PROMOTERS OF ENTREPRENEURSHIP: ROLE OF GOVERNMENT AND AGENCIES.

PROMOTERS OF ENTREPRENEURSHIP: ROLE OF GOVERNMENT AND AGENCIES. PROMOTERS OF ENTREPRENEURSHIP: ROLE OF GOVERNMENT AND AGENCIES. By Babatunde O. A. Igun Executive Director (Wholesale Finance) Bank of Agriculture Limited Kaduna 1 BEING PAPER PRESENTED AT THE ICAN ENTREPRENEURSHIP

More information

British Council Zambia Shaping our Future Conference (26 & 27 March 2013) Ways of Growing SME Innovation and Finance

British Council Zambia Shaping our Future Conference (26 & 27 March 2013) Ways of Growing SME Innovation and Finance British Council Zambia Shaping our Future Conference (26 & 27 March 2013) Ways of Growing SME Innovation and Finance Presenter: Mr.Trevor Simumba, MD Sub-Saharan Consulting Group Zambia Limited Sub-Saharan

More information

British Business Bank

British Business Bank British Business Bank Peter Wilson CEO British Business Bank Investments ABFA Annual Conference 3 June 2015 Contents Overview of the British Business Bank Rationale Business Model Aims Programmes Impact

More information

Presentation on: The role of commercial banks in providing funding for small enterprises"

Presentation on: The role of commercial banks in providing funding for small enterprises Presentation on: The role of commercial banks in providing funding for small enterprises" The Department of Trade & Industry (the dti) SME Summit 11 12 October 2011 Bloemfontein, Free State Role of Banks

More information

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT Women s Entrepreneurship Support Sector Development Program (RRP ARM 45230) SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT A. Overview 1. Significance of micro, small,

More information

CASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs

CASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs CASE STORY ON GENDER DIMENSION OF AID FOR TRADE Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs Banking on Women Pays Off Creating Opportunities for Women Entrepreneurs International

More information

COSME Financial Instruments for SMEs

COSME Financial Instruments for SMEs COSME Financial Instruments for SMEs Stockholm, 4 February 2015 Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) Unit F3: SME Access to Finance Astrid Bartels (Policy

More information

Access to Finance & Business Planning for Small and Medium Enterprises. Caeman Wall

Access to Finance & Business Planning for Small and Medium Enterprises. Caeman Wall Access to Finance & Business Planning for Small and Medium Enterprises Caeman Wall Presentation Outline Fáilte Ireland s Business Planning Tools and Calculators Some Finance Options Useful Templates Recent

More information

Commonwealth Caribbean Regional Conference. Investing in Youth Exploring Strategies for Sustainable Employment. Financing and Financial Mechanisms

Commonwealth Caribbean Regional Conference. Investing in Youth Exploring Strategies for Sustainable Employment. Financing and Financial Mechanisms Commonwealth Caribbean Regional Conference Investing in Youth Exploring Strategies for Sustainable Employment Financing and Financial Mechanisms Presented by Ian Chinapoo May 25 th, 2011 Outline: Background

More information

Innovation and PPP financing: The European Investment Fund

Innovation and PPP financing: The European Investment Fund Innovation and PPP financing: The European Investment Fund Dr. Helmut Kraemer-Eis Head of Research & Market Analysis European Investment Fund UNECE - 12 February 2014 Geneva What is the EIF? As part of

More information

Department of Economic Development & Transportation SMALL BUSINESS SUPPORT PROGRAM GUIDELINES

Department of Economic Development & Transportation SMALL BUSINESS SUPPORT PROGRAM GUIDELINES . Department of Economic Development & Transportation INTRODUCTION SMALL BUSINESS SUPPORT PROGRAM GUIDELINES In April 2006, the Department of Economic Development & Transportation implemented program delivery

More information

COSME 2014-2020. Vilmos Budavari European Commission DG Enterprise and Industry, Unit D.3 Financing SMEs

COSME 2014-2020. Vilmos Budavari European Commission DG Enterprise and Industry, Unit D.3 Financing SMEs COSME 2014-2020 SEMINARIO FINANCIACIÓN INTELIGENTE PARA PYMES: INSTRUMENTOS NACIONALES Y FONDOS EUROPEOS EN EL NUEVO MARCO 2014-2020 Gran Canaria, 24 de Marzo 2014 Vilmos Budavari European Commission DG

More information

Micro, Small and Medium Enterprises Financing in India - Issues and Concerns

Micro, Small and Medium Enterprises Financing in India - Issues and Concerns Micro, Small and Medium Enterprises Financing in India - Issues and Concerns Dr. C.S. Prasad* Micro, Small and Medium enterprises (MSME) constitute the dominant form of business organisation worldwide.

More information

Financing the New Venture

Financing the New Venture Topic 7 Financing the New Venture LEARNING OUTCOMES By the end of this topic, you should be able to: 1. Identify the nine common start-up costs that need to be considered when starting a new venture; 2.

More information

Working capital: Keep the ball rolling

Working capital: Keep the ball rolling Working capital: Keep the ball rolling Author : Michael Byrne Date : March 9, 2011 Working capital is considered the life line of any company, allowing the company to grow, expand operations, and weather

More information

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs

Access to finance for. SMEs. István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Access to finance for SMEs István NÉMETH European Commission DG for Internal Market, Industry, Entrepreneurship and SMEs Why EU intervention needed? EU financial instruments for SMEs Building on success

More information

SME Banking-Africa. A Unique Opportunity for the Continent

SME Banking-Africa. A Unique Opportunity for the Continent SME Banking-Africa A Unique Opportunity for the Continent Key Messages More to be done The opportunity Challenges in SME financing Profitable segment A proposed solution 2 SMEs in Africa- The Missing Middle

More information

Options for Financial and Technical Support for Youth Entrepreneurial Development. December 2014

Options for Financial and Technical Support for Youth Entrepreneurial Development. December 2014 Options for Financial and Technical Support for Youth Entrepreneurial Development December 2014 THE REAL JAMAICA Approximately 25% of the labour force earns at the level of the national minimum wage. Approximately

More information

University meets Microfinance. Do our clients grow? - Microfinance vs. SME Finance

University meets Microfinance. Do our clients grow? - Microfinance vs. SME Finance University meets Microfinance Do our clients grow? - Microfinance vs. SME Finance July 2012 Definition(s) of MSME Definitions vary greatly between countries, financial regulators and financial institutions.

More information

Q&A Oxfam and Impact Investments. Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General

Q&A Oxfam and Impact Investments. Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General Q&A Oxfam and Impact Investments Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General Q: Why is Oxfam active in impact investing? A: Oxfam believes the upcoming

More information

EU Social Investment Financial instruments in support of social entrepreneurship and impact investment

EU Social Investment Financial instruments in support of social entrepreneurship and impact investment EU Social Investment Financial instruments in support of social entrepreneurship and impact investment Serge PATOU, Policy Officer DG ECFIN, Financing for Innovation, Competitiveness and Employment European

More information

FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011)

FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011) FINANCIAL SUPPORT AVAILABLE TO BUSINESS (AT 8th February 2011) Enterprise Finance Guarantee BIS 14 January 2009 Guarantees to lenders to enable them to provide debt facilities which would otherwise be

More information

SMEs Access to Financing

SMEs Access to Financing SMEs Access to Financing A well-developed financial infrastructure that is able to meet the diverse financing needs of SMEs is essential to support the competitiveness and continuous growth of SMEs. The

More information

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2 Measures to support access to finance for SMEs Contents Funding for Lending... 2 The National Loan Guarantee Scheme (NLGS)... 2 Enterprise Finance Guarantee (EFG)... 3 Business Finance Partnership (BFP)...

More information

Credit: Global Alliance for Clean Cookstoves INCREASING INVESTMENT IN THE CLEAN COOKING SECTOR

Credit: Global Alliance for Clean Cookstoves INCREASING INVESTMENT IN THE CLEAN COOKING SECTOR Credit: Global Alliance for Clean Cookstoves INCREASING INVESTMENT IN THE CLEAN COOKING SECTOR A STRATEGY TO DRIVE INVESTMENT BACKGROUND The Global Alliance for Clean Cookstoves is a publicprivate partnership

More information

Date: 23-24 June 2015. Venue: Presenter: Mr Ricardo De Beer

Date: 23-24 June 2015. Venue: Presenter: Mr Ricardo De Beer Date: 23-24 June 2015 Venue: Presenter: Mr Ricardo De Beer Profile Merger between the South African Micro-Finance Apex Fund (samaf) and Khula Incorporating IDC s SME mandate Purpose: provide finance and

More information

SME support under COSME and the Enterprise Europe Netzwerk

SME support under COSME and the Enterprise Europe Netzwerk SME support under COSME and the Enterprise Europe Netzwerk Gunnar Matthiesen European Commission - Executive Agency for Small and Medium-sized Enterprises ERRIN FINNOWATER & SME Financing Day COSME & the

More information

GUIDE TO BUSINESS FINANCE & BUSINESS FUNDING

GUIDE TO BUSINESS FINANCE & BUSINESS FUNDING GUIDE TO BUSINESS FINANCE & BUSINESS FUNDING M3 Corporate Finance M3 Corporate Finance is an independent corporate finance house focused exclusively on mid-market transactions. M3 offers specialist corporate

More information

Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes

Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes INSPIRE. EMPOWER. DEVELOP a. Introduction Equal access to economic opportunities

More information

ENERGY SECTOR WORKSHOP FOR WOMEN

ENERGY SECTOR WORKSHOP FOR WOMEN ENERGY SECTOR WORKSHOP FOR WOMEN Prepared By: Welane Wanzi 16&17 September 2015 Outline of the presentation PART 1 Priority Focus Areas NWDC Basket of services SMME Development & Support NWDC Provincial

More information

OSC EXEMPT MARKET REVIEW OSC NOTICE 45-712 APPENDIX C CAPITAL RAISING IN CANADA AND THE ONTARIO EXEMPT MARKET

OSC EXEMPT MARKET REVIEW OSC NOTICE 45-712 APPENDIX C CAPITAL RAISING IN CANADA AND THE ONTARIO EXEMPT MARKET OSC EXEMPT MARKET REVIEW OSC NOTICE 45-712 APPENDIX C CAPITAL RAISING IN CANADA AND THE ONTARIO EXEMPT MARKET 1 1. Introduction As a securities regulator, the Ontario Securities Commission is committed

More information

Access to Finance Guide: 1. Bank Finance Options

Access to Finance Guide: 1. Bank Finance Options Access to Finance Guide: 1. Bank Finance Options Overdrafts An overdraft is a flexible way for you to manage short-term borrowing requirements. Business overdrafts are traditionally easy to arrange and

More information

Entrepreneurship Development Agency

Entrepreneurship Development Agency Marjanishvili str. 5/16-18, 0102 Tbilisi Tel: +995 32 2 99 10 44 Web: www.qartuli.ge; www.enterprise.gov.ge Mail: info@enterprise.gov.ge Entrepreneurship Development Agency Produce in Georgia MINISTRY

More information

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3 EU-CELAC Business Summit eucelac-bizsummit2015.eu Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3 Access to finance and financial instruments The important role of Small and Medium-sized

More information

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3

EU-CELAC Business Summit eucelac-bizsummit2015.eu. Wednesday 10 th June 2015, 14:30-16:30 Concept Note for Workshop 3 Working Party on Latin America and the Caribbean (COLAC) m.d. : 90/15 source : EEAS for : Information date : 29-04 - 2015 EU-CELAC Business Summit eucelac-bizsummit2015.eu Wednesday 10 th June 2015, 14:30-16:30

More information

BEST PRACTICES OF FINNISH GOVERNMENT TO PROMOTING WOMEN ENTREPRENEURSHIP

BEST PRACTICES OF FINNISH GOVERNMENT TO PROMOTING WOMEN ENTREPRENEURSHIP BEST PRACTICES OF FINNISH GOVERNMENT TO PROMOTING WOMEN ENTREPRENEURSHIP SECOND UNECE FORUM OF WOMEN ENTREPRENEURS Geneva 17 18 March 2003 Tuulikki Laine-Kangas Background to Promoting Women Entrepreneurship

More information

Ministerie van Toerisme, Economische Zaken, Verkeer en Telecommunicatie Ministry of Tourism, Economic Affairs, Transport and Telecommunication

Ministerie van Toerisme, Economische Zaken, Verkeer en Telecommunicatie Ministry of Tourism, Economic Affairs, Transport and Telecommunication SME Policy Framework for St. Maarten May, 2014 Department of Economic Affairs, Transportation & P. 1 of 16 TABLE OF CONTENTS 1. Introduction 2. SME Developments in St. Maarten 2.1 Definition 2.2 Government

More information

G20 SME Research Agenda: An Update Peer Stein, Global Business Line Leader, IFC Access to Finance Advisory

G20 SME Research Agenda: An Update Peer Stein, Global Business Line Leader, IFC Access to Finance Advisory G20 SME Research Agenda: An Update Peer Stein, Global Business Line Leader, IFC Access to Finance Advisory Cambridge, MA September 16, 2011 IFC continues to be actively engaged in the G20 global financial

More information

Full Day Summit on Alternative Financing for MSMEs. 13 th February, 2016 Mumbai Venue: TBA

Full Day Summit on Alternative Financing for MSMEs. 13 th February, 2016 Mumbai Venue: TBA Full Day Summit on Alternative Financing for MSMEs 13 th February, 2016 Mumbai Venue: TBA Organized by Vinod Kothari Consultants Pvt. Ltd. Why this Summit? MSMEs in India have a significant contribution

More information

Funding Your Business

Funding Your Business Funding Your Business Your business idea may be solid, but without adequate funding your chances of success are slim. Starting a viable business takes judicious financial planning. There are several different

More information

Policy for serving and lending to Micro, small and medium enterprises of India

Policy for serving and lending to Micro, small and medium enterprises of India Policy for serving and lending to Micro, small and medium enterprises of India 1. Background Worldwide, the micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth

More information

TABLE OF CONTENTS Policy Issues, Objectives and Recommendations Access to Finance Market Access Business Support Services Training and Development

TABLE OF CONTENTS Policy Issues, Objectives and Recommendations Access to Finance Market Access Business Support Services Training and Development TABLE OF CONTENTS Abstract..... ii Glossary..iii Introduction...iv Policy Issues, Objectives and Recommendations Policy Element: Formality of SMEs... 1 Access to Finance Policy Element: Lack of Adequate

More information

EBRD Small Business. Natalia Meylunas SBS Head of Regional Programme, Western Balkans

EBRD Small Business. Natalia Meylunas SBS Head of Regional Programme, Western Balkans EBRD Small Business Support (SBS) Natalia Meylunas SBS Head of Regional Programme, Western Balkans Small Business Support (SBS) overview EBRD fosters entrepreneurship not only through capital funding but

More information

Recent Developments in SME Financing

Recent Developments in SME Financing Conference on Small and Medium Enterprises organized by Centre for Advanced Financial Research and Learning (CAFRAL) Recent Developments in SME Financing S. Muhnot CMD, SIDBI Addressing gaps in MSME eco-system

More information

BUSINESS PLAN (2013-2017)

BUSINESS PLAN (2013-2017) BUSINESS PLAN (2013-2017) The ECO Trade and Development Bank (ETDB) has been established with a vision is to become the financial pillar of economic cooperation among ECO member states fostering sustainable

More information

FINANCING E.E. PROJECTS LENDER S PERSPECTIVE & CONCERNS

FINANCING E.E. PROJECTS LENDER S PERSPECTIVE & CONCERNS FINANCING E.E. PROJECTS LENDER S PERSPECTIVE & CONCERNS State Bank of India, New Delhi What we understand is an Energy Efficiency Project Improving Energy Efficiency means use of less energy for achieving

More information

British Business Bank Growth Loans Pilot

British Business Bank Growth Loans Pilot British Business Bank Growth Loans Pilot Delivering Help to Grow 26 th March 2015 Content Welcome and Introduction The Evidence Base: Research Findings The Growth Loans Pilot Application Process and Next

More information

Salvatore Zecchini Chairman OECD Working Party on SMEs and Entrepreneurship

Salvatore Zecchini Chairman OECD Working Party on SMEs and Entrepreneurship FOSTERING SMEs AND ENTREPRENEURSHIP FINANCING AFTER THE CRISIS Confindustria - OECD MiSE - Roma 7th July 2014 Salvatore Zecchini Chairman OECD Working Party on SMEs and Entrepreneurship 1 Six years after

More information

Ernesto Wignall Account Executive Loan Origination & Portfolio Management AGRICULTURAL FINANCING. Presented at Denbigh Symposium August 1, 2016

Ernesto Wignall Account Executive Loan Origination & Portfolio Management AGRICULTURAL FINANCING. Presented at Denbigh Symposium August 1, 2016 www.dbankjm.com Ernesto Wignall Account Executive Loan Origination & Portfolio Management AGRICULTURAL FINANCING Presented at Denbigh Symposium August 1, 2016 INCREASING ACCESS TO FINANCING FOR SMALL-

More information

Manchester City Council Report for Information. Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012

Manchester City Council Report for Information. Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012 Manchester City Council Report for Information Report To: Subject: Report of: Overview and Scrutiny Business Start Up Task and Finish Group 1 February 2012 Access to Finance for Start Up Businesses Interim

More information

Improving access to finance for small and medium-sized enterprises

Improving access to finance for small and medium-sized enterprises Report by the Comptroller and Auditor General Department for Business, Innovation & Skills and HM Treasury Improving access to finance for small and medium-sized enterprises HC 734 SesSIon 2013-14 1 November

More information

The Role of Government in Supporting Entrepreneurship & SME Development

The Role of Government in Supporting Entrepreneurship & SME Development The Role of Government in Supporting Entrepreneurship & SME Development Mohammed Bin Rashid Establishment For SME Development DUBAI SME 2011 Support for Entrepreneurship Why? Seed pipeline of future enterprises,

More information

Growing your Business: A Guide to SME Finance. www.contracts.mod.uk

Growing your Business: A Guide to SME Finance. www.contracts.mod.uk Growing your Business: A Guide to SME Finance Growing your Business: A Guide to SME Finance Michael Crosby Communications Officer Connect on LinkedIn Michael Crosby: uk.linkedin.com/in/michaelcrosby2/

More information

Financing Your Business. 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement

Financing Your Business. 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement Financing Your Business 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement TARGET RETURNS Funding Provider Returns VS. Risk Private Equity c.25% Venture Capital c.25% Property c.10% - 12%

More information

How Invest in Renfrewshire can support your business. www.investinrenfrewshire.com

How Invest in Renfrewshire can support your business. www.investinrenfrewshire.com How Invest in Renfrewshire can support your business www.investinrenfrewshire.com Invest in Renfrewshire was launched in June 2012 as a direct response to the recession and the economic needs of the area.

More information

Alternative Sources of Funding Your Business. Presented by: Eva Brown, Director of the Access to Capital Program

Alternative Sources of Funding Your Business. Presented by: Eva Brown, Director of the Access to Capital Program Alternative Sources of Funding Your Business Presented by: Eva Brown, Director of the Access to Capital Program WBDC Programs Business Start-up Program Established Business Program Finance Program WBDC

More information

PRESENTS. Top 5 Financing Options for Auto Repair Shop Owners

PRESENTS. Top 5 Financing Options for Auto Repair Shop Owners PRESENTS Top 5 Financing Options for Auto Repair Shop Owners TABLE OF CONTENTS Financing Options for Auto Repair Shop Owners 3 Unsecured Business Loans 4 Equipment Leasing & Financing 5 Business Line of

More information

TECNIA INSTITUTE OF ADVANCED STUDIES

TECNIA INSTITUTE OF ADVANCED STUDIES EVENT : INDUSTRIAL VISIT - NSIC Date : March 26 th, 2010 Day : Friday FACULTY INCHARGE : Mr Sachin Sabharwal No of Students : 70 - MBA Location : Okhla Industrial Estate, New Delhi Dated March 26, 2011

More information

REMARKS BY H.E. MARTHA POBEE ON WOMEN AND YOUTH ENTREPRENEURSHIP IN AFRICA: THE IMPACT OF ENTREPRENEURIAL EDUCATION ON DEVELOPMENT

REMARKS BY H.E. MARTHA POBEE ON WOMEN AND YOUTH ENTREPRENEURSHIP IN AFRICA: THE IMPACT OF ENTREPRENEURIAL EDUCATION ON DEVELOPMENT REMARKS BY H.E. MARTHA POBEE ON WOMEN AND YOUTH ENTREPRENEURSHIP IN AFRICA: THE IMPACT OF ENTREPRENEURIAL EDUCATION ON DEVELOPMENT UNITED NATIONS, NEW YORK, 13TM JUNE, 2016 I thank the co-sponsors for

More information

BACKING SMALL BUSINESS NOVEMBER 2010

BACKING SMALL BUSINESS NOVEMBER 2010 BACKING SMALL BUSINESS NOVEMBER 2010 Introduction The Government has laid out a decisive plan to reduce the deficit and to restore confidence in the UK economy. Providing macroeconomic and financial stability

More information

BRIDGING THE GAP BETWEEN BUSINESS DEVELOPMENT AND FINANCIAL SERVICES IN THE MIDDLE EAST

BRIDGING THE GAP BETWEEN BUSINESS DEVELOPMENT AND FINANCIAL SERVICES IN THE MIDDLE EAST BRIDGING THE GAP BETWEEN BUSINESS DEVELOPMENT AND FINANCIAL SERVICES IN THE MIDDLE EAST Rania Bikhazi Enterprise Development Specialist International Labour Organization THE ARAB PRIVATE SECTOR STILL FALLS

More information

UNIVERSITY OF DAR ES SALAAM ENTREPRENEURSHIP CENTRE (UDEC) A Leading Centre of Excellence in Enterprise Development

UNIVERSITY OF DAR ES SALAAM ENTREPRENEURSHIP CENTRE (UDEC) A Leading Centre of Excellence in Enterprise Development UNIVERSITY OF DAR ES SALAAM ENTREPRENEURSHIP CENTRE (UDEC) A Leading Centre of Excellence in Enterprise Development VISION The vision of UDEC is to be a leading Centre for Excellency in enterprise development

More information

TRADE FINANCE ROLES OF BANKS. Prepared by Goodluck Nkini Manager Trade Finance CRDB Bank Limited. March 2005

TRADE FINANCE ROLES OF BANKS. Prepared by Goodluck Nkini Manager Trade Finance CRDB Bank Limited. March 2005 TRADE FINANCE ROLES OF BANKS Prepared by Goodluck Nkini Manager Trade Finance CRDB Bank Limited. March 2005 Definition: Trade financing is the provision of any form of financing that enables a trading

More information

Challenges and Lessons in Financing Community Based Tourism Projects: A business perspective. Case Study by the Saint Lucia Heritage Tourism

Challenges and Lessons in Financing Community Based Tourism Projects: A business perspective. Case Study by the Saint Lucia Heritage Tourism Challenges and Lessons in Financing Community Based Tourism Projects: A business perspective. Case Study by the Saint Lucia Heritage Tourism Programme Presented by Sylvester Clauzel CANARI SLHTP Mission

More information

Secondary research into the availability of business finance

Secondary research into the availability of business finance Secondary research into the availability of business finance NESTA The National Endowment for Science, Technology and the Arts (NESTA) is an independent body with a mission to make the UK more innovative.

More information

The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile.

The interest factor depends on the perceived risk factor by the banks, past track, growth and profitability trends and the industry profile. Business loans are offered to small and medium enterprises towards working capital, expansion, or modernization of existing business. It could be either secured or unsecured. The idea is that if there

More information

CABINET 9 APRIL 2013 BUSINESS LOAN FUND REPORT OF THE CHIEF EXECUTIVE

CABINET 9 APRIL 2013 BUSINESS LOAN FUND REPORT OF THE CHIEF EXECUTIVE E CABINET 9 APRIL 2013 BUSINESS LOAN FUND REPORT OF THE CHIEF EXECUTIVE Purpose of the Report PART A 1. To seek approval for the establishment of a Business Loan Fund for small business in Leicestershire.

More information

MEASURES FOR BUSINESSES

MEASURES FOR BUSINESSES MEASURES FOR BUSINESSES (A) Addressing Near-Term Concerns In view of the current economic conditions, the Government will provide calibrated measures to address cyclical headwinds while supporting firms

More information

MSME & Asset Based Finance

MSME & Asset Based Finance MSME & Asset Based Finance Creating Jobs & Competitiveness Through Finance 5 th Regional Competitiveness Event Sarajevo USAID RCI PFS Michael Gold, Managing Director, Crimson Capital May 19, 2010 Background

More information

ROLE OF THE BANKING SECTOR IN PROMOTING GROWTH & DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES ADDRESS DR. C. L. DHLIWAYO ACTING GOVERNOR MARCH 2014

ROLE OF THE BANKING SECTOR IN PROMOTING GROWTH & DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES ADDRESS DR. C. L. DHLIWAYO ACTING GOVERNOR MARCH 2014 ROLE OF THE BANKING SECTOR IN PROMOTING GROWTH & DEVELOPMENT OF SMALL AND MEDIUM ENTERPRISES ADDRESS BY DR. C. L. DHLIWAYO ACTING GOVERNOR AT THE 2 ND SME BANKING & MICROFINANCE SUMMIT 2014 MARCH 2014

More information

APEC SMALL AND MEDIUM ENTERPRISE WORKING GROUP (SMEWG) STRATEGIC PLAN 2009-2012

APEC SMALL AND MEDIUM ENTERPRISE WORKING GROUP (SMEWG) STRATEGIC PLAN 2009-2012 1 APEC SMALL AND MEDIUM ENTERPRISE WORKING GROUP (SMEWG) STRATEGIC PLAN 2009-2012 I. Introduction The SMEWG Strategic Plan has been developed to provide focus for the work of the SMEWG from 2009 until

More information

Top Tips for Raising Finance

Top Tips for Raising Finance Top Tips for Raising Finance With Liz Gjoni All material Enterprise Enfield What do I Need? A realistic business plan that s concise and demonstrates your business idea makes sense and is financially viable

More information

Business Funding Guide January 2013

Business Funding Guide January 2013 Business Funding Guide January 2013 Identifying sources of funding for business is a complex and time-consuming process. We appreciate that the eligibility criteria, company size, sector, location, and

More information

Impact Investment. AFI Summit Discussion August 18, 2015

Impact Investment. AFI Summit Discussion August 18, 2015 Impact Investment AFI Summit Discussion August 18, 2015 Catalyzing Investments Over Time Impact Investing S SCALE OF OUTREACH c a l e Institution Building Governance Project-based TA SUSTAINABILITY Why

More information

Ethiopian Institute of Financial Studies (EIFS) PROJECT FINANCE

Ethiopian Institute of Financial Studies (EIFS) PROJECT FINANCE PROJECT FINANCE With the growth in the economy and the revival in the industrial sector coupled with the increasing role of private players in the field of infrastructure, more and more Ethiopian banks

More information

SBA VISION SBA MISSION SBA OBJECTIVES. SBA wants to be the fi rst choice for Slovak enterprises for starting and development of their business.

SBA VISION SBA MISSION SBA OBJECTIVES. SBA wants to be the fi rst choice for Slovak enterprises for starting and development of their business. SBA VISION SBA wants to be the fi rst choice for Slovak enterprises for starting and development of their business. SBA MISSION Complex support for SMEs in compliance with the Small Business Act s principles.

More information

BUILDING THE BUSINESS BANK. Strategy Update MARCH 2013

BUILDING THE BUSINESS BANK. Strategy Update MARCH 2013 BUILDING THE BUSINESS BANK Strategy Update MARCH 2013 Contents Foreword by Vince Cable... 3 1. Objectives and Timetable... 4 2. Market analysis... 7 2.1. Demand for Finance... 7 2.2. Supply... 9 3. Finance

More information

POLICIES AND INSTITUTIONS SUPPORTING SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) IN JAMAICA

POLICIES AND INSTITUTIONS SUPPORTING SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) IN JAMAICA POLICIES AND INSTITUTIONS SUPPORTING SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) IN JAMAICA POLICIES AND INSTITUTIONS SUPPORTING SMALL AND MEDIUM SCALE ENTERPRISES (SMEs) IN JAMAICA REPORT SUBMITTED TO THE

More information

9 ACCESS TO CAPITAL FOR YORK REGION SMALL BUSINESSES

9 ACCESS TO CAPITAL FOR YORK REGION SMALL BUSINESSES 9 ACCESS TO CAPITAL FOR YORK REGION SMALL BUSINESSES The Planning and Economic Development Committee recommends the adoption of the recommendation contained in the following report dated May 19, 2009,

More information

The Highland Council. Resources Committee

The Highland Council. Resources Committee The Highland Council Resources Committee 27 May 2015 Scottish Local Authority Business Loan Fund Report by Director of Development and Infrastructure Agenda Item Report No 27 RES/ 54/15 Summary This report

More information

22 November 2012, Madrid

22 November 2012, Madrid 22 November 2012, Madrid 1. Introduction on EIF Introduction on EIF 2 / 21 Introduction on EIF EIF at a Glance 1. Introduction on EIF EU specialised institution for SMEs, risk financing Venture Capital

More information

The Franchising Strategic Business Unit (SBU) is focused on supporting emerging entrepreneurs with limited capital to own a franchised business and

The Franchising Strategic Business Unit (SBU) is focused on supporting emerging entrepreneurs with limited capital to own a franchised business and Franchising Making finance available for the establishment of new outlets and the refurbishment of existing outlets, and BEE acquisitions of established and emerging franchised concepts. The Franchising

More information

Business Opportunities in the Energy Sector Workshop - Mpumalanga Bundu Lodge 28 th August 2014. Name of the presenter: Sabelo Mamba Regional Manager

Business Opportunities in the Energy Sector Workshop - Mpumalanga Bundu Lodge 28 th August 2014. Name of the presenter: Sabelo Mamba Regional Manager Business Opportunities in the Energy Sector Workshop - Mpumalanga Bundu Lodge 28 th August 2014 Name of the presenter: Sabelo Mamba Regional Manager Overview and Background Challenges that led to the establishment

More information

Support for Research, Development and Innovation

Support for Research, Development and Innovation Support for Research, Development and Innovation Introduction: «Financial instruments for SMEs and larger companies provided by the European Union and the European Investment Bank» Seminar on «Financial

More information

SME SUPPORT AND FUNDING

SME SUPPORT AND FUNDING inspire. empower. connect Oman SME SUPPORT AND FUNDING A list of organizations that support and fund small and medium sized enterprises in Oman SME SUPPORT AND FUNDING SME Support Organizations Knowledge

More information

Arab Republic of Egypt: Commercial Microfinance The National Bank for Development

Arab Republic of Egypt: Commercial Microfinance The National Bank for Development Arab Republic of Egypt: Commercial Microfinance The National Bank for Development There is a large unmet demand for microfinance services among the entrepreneurial poor in Egypt. It is estimated that Egypt

More information

Swift County Loan Program Guidelines and Application

Swift County Loan Program Guidelines and Application Swift County Rural Development Authority 1228 Atlantic Ave Benson MN 56215 Swift County Loan Program Guidelines and Application Swift County RDA 1228 Atlantic Ave Benson MN 56215 320-842-4769 rda@co.swift.mn.us

More information

Collaborating For Competitiveness: Building Toronto's Incubation Network (Implementation Action #1)

Collaborating For Competitiveness: Building Toronto's Incubation Network (Implementation Action #1) STAFF REPORT ACTION REQUIRED Collaborating For Competitiveness: Building Toronto's Incubation Network (Implementation Action #1) Date: February 22, 2013 To: From: Wards: Economic Development Committee

More information

PURCHASE ORDER FINANCE IN BOLIVIA

PURCHASE ORDER FINANCE IN BOLIVIA PURCHASE ORDER FINANCE IN BOLIVIA INNOVATIONS IN FINANCING VALUE CHAINS microreport #151 APRIL 2009 This publication was produced for review by the United States Agency for International Development. It

More information

Entrepreneurship & Innovation in Business

Entrepreneurship & Innovation in Business Michael Farrell Director PKF-FPM ACCOUNTANTS LTD. Entrepreneurship & Innovation in Business Raising Finance for Innovative Products Format of Workshop Overview and Importance of Innovation. Cause of funding

More information

Employment of Marginalized groups

Employment of Marginalized groups Employment of Marginalized groups Employment and self-employment programs OPEN SOCIETY INSTITUTE ECONOMIC AND BUSINESS DEVELOPMENT PROGRAM / SEDF David Meier dmeier@sorosny.org Entrepreneurship Among Roma

More information