Samoa Agritourism Policy Setting Workshop 2016: Small Business Enterprise Center - Opportunities for small business entrepreneurs
Post on 06-Apr-2017
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SAMOA AGRITOURISM POLICY SETTING FORUM
Focus of Presentation What is SBEC? SBEC Model Challenges to small businesses SBEC Core Services The Guarantee Scheme SBEC Portfolio Contribution to SDS Way Forward
SBEC’s Aspiration Goal “To be recognised as the preeminent
organisation in the Pacific region that provides expert and best practise services and support for the development of small businesses”
SBEC’s Vision “a sustainable economic & social life for all
through small business development”
SBEC’s Mission “To lead and facilitate sustainable small
business growth and development”
.
SBECSBEC
MODELMODEL
Business Idea
Existing business
Special skill/resource
Business Development
& Nurturing
Portfolio Management
SBEC Guarantee
Business Financing
Business Plan
Loan Proposal
Business Training
• Access to finance and business support services. Lack of security. Land ownership• Costs of doing business still relatively high– establishing, operating & sustaining)• Vulnerabilities (economic &environment)• Market access & related costs• Business & work ethics – lack of commitment and sacrifices• Cultural influence (church, family & community)
Training
Business training, TNAs, surveys
Business Development
Business advisory, support services, mentoring
Security, Legal & Recovery
Process Loan Security documentations, arrears management , foreclosure recovery & account monitoring, legal (court matters)
Finance & Support Services
Finance, HR, Asset management
100% Guarantee
Loans $10k and below
Two guarantors
All Banks
New & Existing businesses
Partial Guarantee
80% - 20%
$10,001 - $50,000
Two guarantors + collateral (remaining balance)
New & Existing Businesses
(Pre-requisite – SYB Training)
1. TRAINING Start Your Own Business (SYB) Business Essentials Record Keeping & Financial
Monitoring English in my Business Customer Service Basic Financial Literacy Occupational Health & Safety (OHS)Level II Certificate in Small Business
Operation
2. BUSINESS DEVELOPMENTProfessional Advisory – field & officeMentoring & Nurturing supportFacilitate access to financeMarketing & PromotionSector AnalysisSpecial ProjectsBusiness rehabilitation
Number of existing clients 800+
Total Amount Loans Granted $ 13,982,970.39Total Amount Guaranteed (SBLGS) $ 10,988,968.23
Current Portfolio as at 30th June 2016
•By number - more than 2,000 small businesses2500 employment1% of GDP (equivalent to $65 million tala)
•By sector - all economic sectors•By location – both Rural and Urban areas of Upolu & Savaii
•Encourage effective & sustainable partnerships (a coordinated effort in addressing issues)
•Constant capacity building and trainings• Inclusive development of financial products & services designed to match demand
•Increased focus on business development and support nurturing•Improve our role as facilitator to access support & assistance from government, donor agencies and other PSOs•Improve awareness of SBEC’s Profile by promotional activities & increasing the range of services provided
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