SMME Credit Support Program中小型企业的信贷支持程序.pptVIP

SMME Credit Support Program (SCSP) Overview Background to this initiative SMMEs’ play an important role in SA’s economy and development, being an important contributor to both GDP and employment. Expanding SMME access to financial credit in SA will contribute to economic growth, development and prosperity in SA. The government has targeted the SMME sector as an economic development and transformation vehicle, government’s initiatives in this regard must be supported and complemented. The job creation potential of SMMEs’, potential to create entrepreneurs and enable self employment, is significant Taking Cognisance of: SMMEs’ in South Africa have limited access to financial credit. Studies have found that insufficient credit and risk data about SMMEs’ is one of the primary causes of inadequate access to financial credit Members of the SCSP Body responsible The Black Business Council (BBC) Founding Members NAFCOC and FABCOS Participating Members NIC, SAMEC, SALTHA, NAFTO,NAFCON, ACHIB Objects/Purposes SCSP To expand SMME access to financial credit by: Promoting the collection, storage and dissemination of SMME data Establishing and maintaining a Register of SMMEs’ that can evolve into the basis for an smme credit rating agency Reviewing and making recommendations on existing criteria for SMME lending; with a view to expanding existing criteria Reviewing the impact of the NCA on SMME lending Investigating the need for ADR in this context; and recording bona fide disputes To co-operate with and form partnerships with organisations with similar objectives. PRIORITY PROJECTS SCSP Priority Project The Register A Basis for an SMME Credit Rating Agency Inadequate access to financial credit Studies have shown that SA has a vibrant SMME market SMMEs’ in SA have inadequate access to financial credit Trade credit transactions account for the vibrancy Trade credit transaction history and recording more information about SMMEs could form the basi