samoa agritourism policy setting workshop 2016: small business enterprise center - opportunities for...

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