ii) Women in Business iii) Small Enterprise Development Financial Incentive scheme encompasses Credit Guarantee Facility and Grants, however due to funding limitations the program is currently non-operational. In prior years we established Credit Guarantee with National Development Bank, the ANZ bank and Nationwide Micro bank where over 700 SME’s and individuals obtained loans to start or expand their existing businesses. Access to Finance remains the biggest constrain faced by aspiring SME’s.,
PROMOTING & SUPPORTING WOMEN PARTICIPATION IN MICRO SMALL AND MEDIUM ENTERPRISES
Small Medium Enterprise Corporation creates a nurturing business environment to promote the development of a vibrant, competitive and sustainable Micro, Small Medium Enterprises sector. There are many key functions and one of them is: “Promotion of women entrepreneurship Development “.
Bilum Project
DFAT in Canberra had parked the funding with International Trade Center (ITC) in 2014 under Women and Trade and further down to Pacific Women Empowerment program. PNG is one of the countries and as a result Bilum Export Promotion Association (BEPA) was established in 2015 as a vehicle for bilum weaving groups can be a member to the association for sales of bilums both in country and off shore. ITC is managing the project from Geneva.
1.SMALL ENTERPRISE DEVELOPMENT (SED)
SED involves delivering of non-financial services including; i. Establishment of SME Information and Advisory Centers ii. Undertake Provincial Industry Profiling (PIP) iii. SME Baseline Survey
Future Projects
We anticipate to roll out SMEIAC projects in all the Provinces by 2020 Conduct SME Baseline Survey annually and Undertake Provincial Industry Profiling every 2 – 3 year time.
Business Development Service
Business Development Service (BDS) is the lead Division with the Corporation responsible for promotion and development of SME sector through a range of product initiatives and activities which includes;
i) Financial Incentive Support programs
ii) Women in Business iii) Small Enterprise Development Financial Incentive scheme encompasses Credit Guarantee Facility and Grants, however due to funding limitations the program is currently non-operational. In prior years we established Credit Guarantee with National Development Bank, the ANZ bank and Nationwide Micro bank where over 700 SME’s and individuals obtained loans to start or expand their existing businesses. Access to Finance remains the biggest constrain faced by aspiring SME’s.,
PROMOTING & SUPPORTING WOMEN PARTICIPATION IN MICRO SMALL AND MEDIUM ENTERPRISES
Small Medium Enterprise Corporation creates a nurturing business environment to promote the development of a vibrant, competitive and sustainable Micro, Small Medium Enterprises sector. There are many key functions and one of them is: “Promotion of women entrepreneurship Development “.
Bilum Project
DFAT in Canberra had parked the funding with International Trade Center (ITC) in 2014 under Women and Trade and further down to Pacific Women Empowerment program. PNG is one of the countries and as a result Bilum Export Promotion Association (BEPA) was established in 2015 as a vehicle for bilum weaving groups can be a member to the association for sales of bilums both in country and off shore. ITC is managing the project from Geneva.
1.SMALL ENTERPRISE DEVELOPMENT (SED)
SED involves delivering of non-financial services including; i. Establishment of SME Information and Advisory Centers ii. Undertake Provincial Industry Profiling (PIP) iii. SME Baseline Survey
Future Projects
We anticipate to roll out SMEIAC projects in all the Provinces by 2020 Conduct SME Baseline Survey annually and Undertake Provincial Industry Profiling every 2 – 3 year time.