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Home » 2015 » July » 5 » Small Business Financing Canada
2:54 PM
Small Business Financing Canada

MINISTRY Cooperatives and Small and Medium Enterprises (SMEs) examines the sources of bank financing and non-bank financial institution is right for the SME sector in order to increase the export activities of SMEs four commodities namely, coffee, cacao, handicrafts and garments to the Canadian market.

It is menindaklanjutkan results of the visit The Conference Board of Canada to allow the ministry last week, which offered cooperation project assistance and training for SMEs in Indonesia worth US $ 12 million over 5 years. '' The joint project includes mentoring, training, SME, and info export markets are expected to provide confidence for manufacturers targeting the four commodities it exports overseas markets, including countries in Latin America, Eastern Europe, the Middle East and North Africa,

said Choirul Djamhari, Ph.D, Deputy Finance Ministry of Cooperatives and Small and Medium Enterprises, in a press release received by Media Indonesia, Tuesday (20/01/2015) In 2013, Indonesia's exports to Canada amounted to Rp14.4 trillion while Canadian exports to Indonesia reached Rp20.1 trillion. Banks and non-bank financial institutions such as venture capital firms, savings and credit cooperatives (KSP), and the Revolving Fund Management Institution (LPDB) in Indonesia should ideally provide a sizeable portion of credit for export activity of superior products SMEs.

During this time, in addition to the issue of poor product quality competitiveness of SMEs, the lack of market information, and the lack of an international cooperation network, be other obstacles that are often faced by SMEs concerning access to finance for export activities. With the support of bank financing and the non-bank financial institutions, SMEs will be expected more independent to enter the Canadian market.

During the export activities of SMEs to foreign products more often through third parties or intermediaries so that SMEs are not getting the most out of trading activities abroad. Data of Bank Indonesia (BI) in 2013, recorded a rise in bank financing and non-bank financial institutions by 15 percent from 2011 a number of Rp480 trillion to Rp640 trillion in 2013.

Actors Medium Enterprises (FME) got more bank financing portion, or approximately 47 percent-49 percent, Small Business (UK) by 30 percent-31 percent, and Micro (Umi) the range of 21 percent-22 percent during 2011-2013. Sources of financing available at this time comes from the government, Revolving Fund Management Institution (PLDB) and the Center for Forest Development (P3H), financing sources such as banks, rural banks (BPR), Capital Markets, Venture Capital, Mortgage and Microfinance Institutions , savings and credit cooperatives (KSP), and individual funding (angel investors).

Category: Finance | Views: 122 | Added by: mrblue | Tags: small business financing canada | Rating: 0.0/0
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