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Photos from the launch of the joint ITC-UNCTAD-WTO MSME Trade Help Desk photo gallery may be reproduced provided attribution is given to the WTO and the WTO is informed. Photos: © WTO/ Cuika Foto
(l-r) Ms. Astrid Audibert, Political Affairs & Human Development Department; Mr. Thomas O. Matthew, Chief Cultural Officer, Ministry of Youth Development, Sport, Culture and the Arts, Grenada; Mr. Chadd Cumberbatch, Director, Montserrat Arts Council; Yuri Peshkov, Programme Specialist for Culture Cluster Office for the Caribbean, United Nations Educational, Scientific and Cultural Organization (UNESCO); Mr. Jerome Rawlins, Chief Executive Officer, Nevis Cultural Development Foundation; Ms. Lisa M. Harding, Coordinator, MSME Development Technical Cooperation Division, CDB, Barbados; Ms. Andrea Wells, Chief Cultural Officer, National Cultural Foundation, Barbados; Ms. Riane DeHaas, Deputy Programme Manager, Culture, CARICOM Secretariat; Ms. Ludwina Fulford, Director of Culture, Ministry of Education, Youth, Culture and Library Services, Turks and Caicos Islands; Mr. Troy Mills, Director of Culture, Ministry of Youth, Sports and Culture, St. Kitts and Nevis; Ms. Susan Jones, Assistant Chief Cultural Officer, Ministry of Youth Development, Sport, Culture and the Arts, Grenada; His Excellency Leonard-Emile Ognimba, Assistant Secretary-General, Political Affairs and Human Development
Secretariat of the African, Caribbean and Pacific (ACP) States; Ms. Marisa Benain, Director, Cultural Policy and Monitoring, Ministry of Culture, Gender, Entertainment and Sport, Jamaica; Mr. Vaughn Walter, Director of Culture, Cultural Development Division, Antigua and Barbuda; Dr. Hilary Brown, Programme Manager, Culture and Community Development, Human and Social Development (HSD), CARICOM Secretariat; Ms. Nancy Barnard, Deputy Permanent Secretary, Ministry of Health, Environment, Culture and Housing, Cayman Islands; Mr. Stanley Knight, Permanent Secretary, Ministry of Youth, Sports and Culture, St. Kitts and Nevis; Ms. Arlene Marsha Holman, Marketing Coordinator CARIFESTA XIV, Ministry of Community Development, Culture and Arts, Trinidad and Tobago; Mr. Raymond Lawrence, Chief Cultural Officer, Ministry of Tourism and Culture, Dominica; Mr. Tej Ramlogan, Director of Culture, Ministry of Community Development, Culture and the Arts, Trinidad and Tobago; Mr. Andrew Tyndall, Assistant Director of Culture (Ag.), Ministry of the Presidency, Department of Social Cohesion, Culture, Youth and Sport, Guyana; and Ms. Tamika Boatswain, Director of Culture, Department of Social Cohesion, Culture, Youth and Sport, Ministry of the Presidency, Guyana.
Cambodia MSME-2 Client Keat Kheng has built a highly profitable business supplying fingerlings, small fish the size of fingers, and providing technical assistance to hundreds of aquaculture farmers throughout Cambodia. Pictured is one of his many employees tending to the fingerlings.
After buying new equipment following a Cambodia MSME II-supported study tour to Thailand, tile maker Veng Nam built a hugely successful brick and tile business in Cheung Prey District, Cambodia. He re-uses the clay pits as aquaculture ponds for additional income.
Dr. Prem Singh was 1st MLA of Renuka ji who represented this constituency 6 times in Himachal Pradesh Assembly. First Chief Minister of Himachal Dr. YS Parmar elected 4 times MLA Renuka and Dharam Singh, RS Chauhan and Roop Sing represented this constituency single time. Prem Singh was born on 23rd of September, 1948 in Maina-Baag village of Sangrah Tehsil, District Sirmaur. His father Salik Ram was a (Hali- Laborer of Farmer) poor farmer and after struggle and hard work of his father he passed BVSe from Punjab University. According to his friends and family members Dr. Prem Singh appointed Veterinary Doctor in 1972 at Sangrah and he left his Govt. Job to fight Assembly Election in 1982. Dr Prem Singh elected MLA on Congress ticket in 1982, 1985, 1993, 1998, 2003 and 2007 and was only defeated by Janta Dal nominee Roop Singh in 1990. Dr Prem was lover of Folk, Hindi and English Literature but he could not complete his Autobiography because of sudden death. He died in morning time on 23rd of September, 2011 due to a heart attack. MLA Prem Singh died on his 63rd Birthday at his paternal residence in village Bag in Sangrah Tehsil. His wife Vidya Devi, daughter Rekha, Son Viney Kumar ,daughter in law Sima and other well-wishers shocked with his sudden death. His 85 years old mother Sajno Devi is still alive. Govt. Degree College Sangrah, Sangrah Tehsil, CDPO office Girls Hostel, Police Station Sangrah, IPH Division Nohradhar, ITI Boghar and Renuka Vikas Board etc. Government instate/ Offices were opened/ started after his affords and he always tried to gave batter Roads, School and Health falsities to villager of area. Dr. Prem wanted to open SDM Court at Sangrah, Tehsil at Dadahu and decided to make high-tech Bus Stand Building at Nohradhar, Sangrah and Haripurdhar but he couldn’t fulfill his dream. Dr Prem Singh held different important positions in the Congress Party during his long inning in the active politics. During his tenure as MLA he also chaired different boards and corporations besides remaining Chief Parliament Secretary in the Cabinet of Congress/ CM Virbhadra Singh. About 5000 people of area participated in Funeral/ Cremation of their loving MLA at bank of Giriganga. Congress Leader and central Minister of Micro, Small and Medium Enterprises Virbhadra Singh came to village Bag of Sangrah Tehsil with his Son Vikramaditya Singh on 1st of October, 2011 after sudden death of his close party Leader Dr. Prem. He grieved over the untimely death of Dr. Prem Singh and also gave their condolence to the bereaved family.
Sangrah Vikas Manch
Sangrah, District Sirmaur,
Himachal Pradesh-173023, India.
Amplus is, a leading legal consultant, offers a quick MSME/SSI registration service in India. Amplus can help you to registration, of MSME/SSI. The average time taken to complete the filing of application is about 1 - 2 working days, subject to government processing time and client document submission. Get a free consultation for registration before and MSME/SSI. By filling up the above inquiry form you can speak to our expert advisor on the MSME/SSI registration process.
Cambodia MSME-2 Trade Remedies lawyer Muni Meng instructs DAI Managing Director for Economic Growth Zan Northrip on the proper way to eat deep fried crickets. (No crickets were unfairly subsidized in this activity.)
Photos from the announcements of new initiatives on electronic commerce, investment facilitation and MSMEs, 13 December photo gallery may be reproduced provided attribution is given to the WTO and the WTO is informed. Photos: © WTO/ Cuika Foto
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
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Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
A small business that produces baskets and has a gallery Kampala is looking to local tourists for business, and eyeing export markets.
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©Simon Hess/EIF
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Since 2017, the FAO-EU FLEGT Programme has been collaborating with the Colombian National Federation of Wood Industries (FEDEMADERAS). FEDEMADERAS represents over 800 timber enterprises along the supply chain, out of which 300 are MSMEs. It accumulates over 18 years of experience in advocating for and linking small, medium and large timber companies, forest-sector service suppliers and forest communities. Through combined efforts, the Programme and FEDEMADERAS have achieved significant milestones, such as assisting 61 MSMEs in determining barriers to legality and drafting tailor-made action plans. FEDEMADERAS also linked 13 MSMEs with 20 legal timber suppliers and guided over 60 MSMEs in the process of incorporating gender equality principles into company policies. The FAO-EU FLEGT Programme is a global demand-driven initiative that provides technical support and resources for activities that further the goals of the EU’s FLEGT Action Plan. The Programme is funded by the European Union, the Swedish International Development Cooperation Agency and the Foreign, Commonwealth and Development Office of the United Kingdom. Since 2016, the Programme has supported 19 projects in Colombia, amounting to over USD 800 000, with a special focus on establishing the Intersectoral Pact for Legal Timber, strengthening regional forestry round tables and improving forest governance structures at the ground-level.
©FEDEMADERAS
A small business that produces barkcloth items outside Kampala is looking to local tourists for business, and eyeing export markets.
www.enhancedif.org/en/country-profile/uganda
©Deanna Ramsay/EIF
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Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
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We assist our clients in forming adequate risk model /s for their financial transactions, which include :
Exposure to FX, interest rates and commodity prices
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Managing processes and mitigates Inherent Business Risk
With the use of most modern tools of risk measurement like Value at Risk (VaR), we provide complete Asset Management Services and ensure an optimum level of risk measure to our clients.
For more information – check www.castoncorporateadvisory.in or contact on Caston Corporate Advisory Services: 6 / 5, Didar House Building, DLF Industrial Area, Moti Nagar New Delhi-110015 (India) Ph.:+91-11-25161294
For small businesses in the processing sector, getting international orders is a big win. In Ethiopia, as part of EIF's partnership with the government, select businesses were sent to international trade fairs like Gulfood in Dubai - the world's largest food trade exhibition.
Tewodros Yilma's Alpha Trading Partners was one of them, and there he secured orders that have helped his business grow. Alpha Trading's processing facility is outside Addis Ababa in Adama, where he employs approximately 40 people.
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©Fernando Castro/EIF
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Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
From left to right: Mr. Geoffrey Sengendo, Head, Technical Services: RCDF, Uganda Communications Commission (UCC) and Hon. Nyombi Thembo, Director for the Rural Development Fund (RCDF), Uganda Communications Commission (UCC)
ITU Telecom World 2019
©ITU/ZSIGMOND LASZLO
National Vendor Development Program-cum-Industrial Exhibition
2nd & 3rd December 2015, Okhla, New Delhi
An amazing opportunity for all to showcase Solar & LED Products and Services to the World!
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
www.smebanking.club/commercial-banks-vs-micro-finance-banks/
The level of commercial bank funding in Nigeria to MSME s over the years has dropped from a high of 46 % of their total loan portfolio in 1992 to less than 1 % in 2012. It seems that some of this slack has been picked up by micro finance institutions. Following the guidelines for microfinance in Nigeria, there was a proliferation of players in that space such that there are currently over 800 micro finance banks in the country today. Whilst commercial banks’ lending to MSMEs have dropped, lending by microfinance banks has grown exponentially.
The microfinance institutions have devised some strategies to penetrate this segment of the market, and perhaps the commercial banks can learn a thing or two from these micro finance banks about reaching those at the bottom of the pyramid.
1. Commercial banks must realise that a large percentage of micro entrepreneurs in Nigeria are involved In the Agriculture value chain. So they require prompt financing to coincide with the seasonality of the commodities they deal with. This presupposes an understanding of those commodities by the potential lender. Microfinance banks seem to have built considerable knowledge of the businesses that they finance. Often times, banks jump into sectors they don’t understand, – a sort of herd mentality- and invariably they lose money. If commercial banks want to serve this segment profitably, they need to get involved in what most of them are involved in- the agricultural value chain.
Most small business owners don’t require bankers in the strict sense of it, rather they require partners. The micro finance bank loan officers visit the borrowers every week, at their market place and in their homes. They know their children, they know their borrowers customers, and they know their buying and selling patterns. Commercial banks must move KYC beyond mere filling of forms, but must really strive to know their customers, especially the micro and small businesses.
Every business, especially small businesses requires funds that are able to comfortably cover their cost of operations and earn a decent profit. There is no point earning interest income and making the borrowers bankrupt in the process. This proposition would not be sustainable for the bank or the customer. Whilst a number of people have criticised the micro finance model of charging interest on a monthly basis, they have devised means whereby the borrowers are able to pay back without really feeling the interest burden by spreading it out over a period.
Micro finance banks realise that every sector’s client base is different. So, they design products that cater to the peculiar needs of women, traders, fishermen, farmers, e.t.c. They take product development very seriously as that is what will differentiate them from their larger competitors. Commercial banks must go beyond tweaking the traditional current and savings account products and devise products that address individual groups and sectors.
Microfinance banks have also created value to themselves and potential borrowers through the cooperative based lending model. This model has a number of advantages; firstly, it reduces their cost of administration and monitoring, because they are able to bunch intending customers into one group overseen by a loan officer.
Secondly, it offers an inbuilt repayment mechanism, because each member of the cooperative group acts as a check on the other borrowers.
Another area where commercial banks can learn from micro finance banks is in the area of business support services. For most micro finance bank borrowers, they are not given loans on the first day of applying. They have to go through some sort of business development training. The micro finance banks pair these potential borrowers to business trainers; they attend weekly meetings where they learn things like book keeping, marketing, e.t.c. The micro finance banks don’t view this expense as a cost, but as an investment into the future repayment capacity of the borrowers. Their philosophy is that lending to this segment of the society must go hand in hand with business development training.
Of course, there are also areas that microfinance institutions can learn from commercial banks as they seek to profitably serve the bottom of the pyramid.
The most important thing though is for both set of institutions to realise that they need to work together and not against each other in order to share information, share experiences, finance joint customers and perhaps share infrastructure to bring down the overall cost of lending to this segment.
The MSME segment is arguably the most important in the economy for the potential they have to create jobs, increase wealth formation and lift many out of poverty. Institutions In the financial service industry must continue collaborating to profitably serve this segment.
Author: Oguche Agudah
Source: BusinessDayOnline.com
Field visit to MSMEs During the Land Finance Hub Use and Registration Training at Pasuruan with Formekers Pasuruan (Forum for Furniture, Crafts, and Arts), 11 November 2022.
Photo by Perdana Putra/CIFOR-ICRAF
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Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
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Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
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Photos from this photo gallery may be reproduced provided attribution is given to the WTO and the WTO is informed. Photos: ©WTO/Loris von Siebenthal
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.
Beneficiaries from the project "Supporting resilience of Lao MSMEs in response to COVID-19" in various sectors and businesses, Lao People's Democratic Republic. ©ILO/Phoonsab Thevongsa.
More information on the Supporting resilience of Lao MSMEs in response to COVID-19 project: www.ilo.org/asia/projects/WCMS_778424/lang--en/index.htm
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivs 3.0 IGO License. To view a copy of this license, visit creativecommons.org/licenses/by-nc-nd/3.0/igo/deed.en_US.