This document outlines plans for financial inclusion and small and medium enterprise (SME) development for women in ILAIKU Ward 2, Digine LLG, Simbu Province, Papua New Guinea. Key points include:
1) Mobilizing over 500 women for financial education and literacy training to build capacity for business and livelihoods.
2) Establishing a community learning resource center and facilitating loans and market access to help women start businesses and alleviate poverty.
3) Forming a community-based organization (CBO) called ILWOMBS to provide members access to revolving loan funds, grants, and loans from financial institutions to support informal and SME activities.
3. CONTENTS
1. Financial Inclusion
1.1 Mobilization /1.2 Capacity Building / 1.3 Revolving Fund
1.4 Market Accessibility /1.5 Resource Center / 1.6 Poverty
Reduction & Improved Quality Of Life
2. SME Development
2.1 SME Master Plan & Policy 2016-2030
2.2 Simbu SME Development Targets
2.3 District SME Target 2030 & Digine Target
2.4 Job Creation -Gumine District Projections
2.5 Ward 2 ILAIKU - Women Enterrises Positioning
3. Overview - ILAIKU Women CBO
3.1 ILWOMBS ( Economic)
6. 1.2 Partners for Capacity Building
• Providing CAPACITY BUILDING FOR ILAIKU WOMEN through FE, SIYB,
Tailored Trainings for Sustainable & Inclusive Socio Economic Growth .
ILAIKU
WOMEN
CBO
Women
Empowermen
t Simbu (WES)
CBO
MEMBERS
WRD2
FINANCIAL
INSTITUTION
S
GOVERNMEN
T
Industry
7. 1.3 Revolving Fund
• Facilitating MICRO VILLAGE BASED MSME LOANS TO
MEMBERS applying Paradigm of Village /Community
Banking in partnership with Financial Institutions
MICRO
BANK
ILWOMBS
CBO
MEMBERS
8. • COMMUNITY LEARNING RESOURCE CENTER (CLRC) needed
for ILAIKU WOMEN EMPOWERMENT PROGRAMS
1.4 Resource Center
9. 1.5 Market Accessibility
• Facilitating for an ENABLING MARKET
ACCESSIBILITY .
E-COMMERCE
• INTERNET
• CUSTOMIZATION
TRANSPORT
• MARKET
VEHICLE
• LABOUR
COMPLIANCE
• IPA/IRC
• TRADE
LICENSING
10. 1.6 Poverty Reduction
• ALLIEVATING POVERTY - IMPROVING STANDARD OF
LIVING amongst women of ILAIKU , Ward2 Digine LLG
11. SME DEVELOPMENT -POLICY BASIS
• 6.0.3 All provincial governments and Districts
must have an SME development plan that is aligned
to the National SME Master Plan and inclusive of
districts, local level governments and the Wards.
• 6.0.5 Cross cutting Issue # 4. Women and Youth
are not active players in economic activity and this
must change as these two segments of population
caters for more than 70% of the population.
15. Access To Finance – CBO Members
• Grant Assistance for ILWOMBS Through Government Levels
Supported by SMEC and Credit Guarantee Corporation (CGC)
• Loan Facility From Financial Institutions facilitated by ILWOMBS
for its members through Financial Inclusion and SME Capacity
Building Program.
• SME Stimulus Packages from National Government made
available through members of Parliament , Dispensed through
Women Empowerment Simbu (WES) CBO Networks.
16. Equity Funds – Revolving Funds
Example = K200,000 Grants for 250 CBO Members
Allocations: Computations
10% Administration 10% of K200,000 = K20,000
90% Equity Funds 90% of K200,000 = K180,000
10% Of Equity Funds = Revolving Fund
10% of K180,000 = K18,000
Total to Distribute Evenly to 250 members = K162,000
K162,000 Divide by 250 = K648.00
K648.00 EACH WILL BE CREDITED AS EQUITY / COLLETERAL TO
INDIVIDUAL ACCOUNTS WITH THEIR BANKS. YOU CAN NOW ACCESS
FINANCE TO START YOUR BUSINESS AND BE AN SME
17. Benefits Of The Revolving Fund
K18,000 revolving Fund held by ILWOMBS shall be borrowed
by members @ 10% interest per Fortnight to serve members’
needs for informal activities, School Fee Assistance, Medical
Assistance, Emergencies, Youth Engagements and other socio-
economic obligations at the community level. Other non
members can also borrow from the fund.
Yearly Expected Yield is computed as;
K18,000 x 10% = K1,800 interest Revenue earned per
Fortnight or K3,600 per Month
K3,600 x 12 Months = K43,200 +K18,000 = K61,200
Maximum Borrowing allowed is K1,000 or Minimum K100 to
serve the needs of members of the community based
organization.
