Chambers role in SME financing

Chambers possible role in addressing challenges of

“SME financing” for both parties

by:Hussain Janahi

BCCI SME Development & Support Counselor

Quick overlook

Ease of obtaining finance - Bahrain

By:Dun & Bradstreet

Roles to be taken by CBAs

CBAs possible role in “SME financing”

• Providing technical support to Entrepreneurs

• Being an integral element of SME expansion plans

• Providing SMEs with consent letters to financial institutions

• Providing SMEs with directional manuals to the various funding sources.

CBAs possible role in “SME financing”

• Assisting SMEs in completing funding formalities

• Providing technical support in areas of book keeping and accounting

• Hosting representatives in one-stop-shops

• Entering into partnerships with funding institutions

Our experince as an example

BCCI role in financial support

• Bahrain SME facts:

• 76% of total businesses• 28% contribution to GDP• 77% contribution to employment By:

BCCI role in financial support• Conduct training programs on starting up a new

business and specialized programs such “Finance for non finance managers”

BCCI role in financial support

• Hosting counselors from banking partners in our SME Development & Support Centre

BCCI role in financial support

• Exploring possible partnerships with commercial banks

BCCI role in financial support

• Sign partnerships with SME banks

BCCI role in financial support

• Provide full listing of the working banks in the Kingdom of Bahrain

Thank you ....