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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...
SBEC’s Aspiration Goal
 “To be recognised as the preeminent
organisation in the Pacific region that provides
expert and b...
 .
SBECSBEC
MODELMODEL
Business Idea
Existing
business
Special
skill/resource
Business
Development
& Nurturing
Portfolio
...
• Access to finance and business support
services. Lack of security. Land ownership
• Costs of doing business still relati...
 Training
 Business training,TNAs, surveys
 Business Development
 Business advisory, support services, mentoring
 Sec...
 100% Guarantee
 Loans $10k and below
 Two guarantors
 All Banks
 New & Existing businesses
 Partial Guarantee
 80%...
1.TRAINING
 StartYour Own Business (SYB)
 Business Essentials
 Record Keeping & Financial
Monitoring
 English in my Bu...
2. BUSINESS DEVELOPMENT
Professional Advisory – field & office
Mentoring & Nurturing support
Facilitate access to finan...
Number of existing clients 800+
Total Amount Loans Granted $ 13,982,970.39
Total Amount Guaranteed
(SBLGS) $ 10,988,968.23...
•By number - more than 2,000 small
businesses
2500 employment
1% of GDP (equivalent to $65 million
tala)
•By sector - al...
•Encourage effective & sustainable partnerships (a
coordinated effort in addressing issues)
•Constant capacity building an...
Samoa Agritourism Policy Setting Workshop 2016: Small Business Enterprise Center - Opportunities for small business entrep...
Samoa Agritourism Policy Setting Workshop 2016: Small Business Enterprise Center - Opportunities for small business entrep...
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Samoa Agritourism Policy Setting Workshop 2016: Small Business Enterprise Center - Opportunities for small business entrepreneurs

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Samoa Agritourism Policy Setting Worskhop 2016
Linking Agriculture and Tourism through Policy setting:
Strengthening the local agrifood sector and promoting agritourism

Workshop organised by the Government of Samoa and CTA
in collaboration with PIPSO

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Samoa Agritourism Policy Setting Workshop 2016: Small Business Enterprise Center - Opportunities for small business entrepreneurs

  1. 1. SAMOA AGRITOURISM POLICY SETTING FORUM
  2. 2.  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
  3. 3. 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’sVision  “a sustainable economic & social life for all through small business development” SBEC’s Mission  “To lead and facilitate sustainable small business growth and development”
  4. 4.  . SBECSBEC MODELMODEL Business Idea Existing business Special skill/resource Business Development & Nurturing Portfolio Management SBEC Guarantee Business Financing Business Plan Loan Proposal Business Training
  5. 5. • 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)
  6. 6.  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
  7. 7.  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 – SYBTraining)
  8. 8. 1.TRAINING  StartYour 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
  9. 9. 2. BUSINESS DEVELOPMENT Professional Advisory – field & office Mentoring & Nurturing support Facilitate access to finance Marketing & Promotion SectorAnalysis Special Projects Business rehabilitation
  10. 10. Number of existing clients 800+ Total Amount Loans Granted $ 13,982,970.39 Total Amount Guaranteed (SBLGS) $ 10,988,968.23 Current Portfolio as at 30th June 2016
  11. 11. •By number - more than 2,000 small businesses 2500 employment 1% of GDP (equivalent to $65 million tala) •By sector - all economic sectors •By location – both Rural and Urban areas of Upolu & Savaii
  12. 12. •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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