Capacity building for female-owned SMEs in Can Tho
The event was organized by the Agency for Enterprise Development under the Ministry of Planning and Investment (MPI) in collaboration with the City Department of Planning and Investment. Can Tho and the Asian Development Bank (ADB) organized to introduce policies to support women-owned SMEs in Can Tho.
Information at the seminar, Ms. Ta Thi Thu, Chairwoman of the Can Tho Women's Enterprise Association said that the association was established in May 2022 with 124 members. The predecessor of the Association was the Can Tho Business Women Club. Over the past 7 years, the Club has cooperated with the Can Tho Business Association in many activities as well as actively connecting business, exchange learning, sharing experiences with other local business women's associations.
In order to develop the Association, in the term of 2022-2027, the Association aims to increase the number and quality of members with a methodical and thoughtful plan.
However, Ms. Thu shared, one of the biggest difficulties for women who own businesses is that they both have to fulfill their responsibilities to the family and also participate in business management, so the time spent in association activities is also limited. tight. Therefore, women who manage enterprises often consider joining the Association. “Therefore, I hope the City Department of Planning and Investment will support the City Women's Business Association to access women-owned businesses of size and influence to increase the attractiveness of their members", Ms. Thu suggested. .
Moreover, the representative of the City Women's Enterprise Association also hoped that the cooperation between the Association and the management agencies in the area would also be strengthened to provide practical support for the operation of women-owned SMEs.
Also at the workshop, Ms. Chu Hong Minh, representative of ADB, introduced a financial support package of ADB for women-owned SMEs through the Project on Support to Mitigating the Impact of the Covid-19 Epidemic for Women. Women-owned SMEs with a scale of 5 million USD.
The project implementation period is from April 2021 to June 2023 with a number of participating units, including 05 banks (TP Bank, SHB, VP bank, BIDV and ACB).
“When participating, businesses receive financial support with a maximum support level of 10,000 USD/customer. Along with that, the project also designed more content to support training and consulting to improve business capacity - this is a difference compared to many other financial support programs”, emphasized Ms. Minh.
Regarding the support mechanism, ADB provides financial support to businesses facing financial difficulties due to the impact of the Covid-19 pandemic in order to restructure existing loans with new banks and loans.
Specifically, with an existing loan, ADB will participate in a project to postpone principal repayment for businesses and pay interest on behalf of businesses with a value of up to 10,000 USD or 6 months of interest (whichever is lower).
For new loans, banks participating in the project grant new loans to businesses that are new customers of the bank and the maximum support level is also up to 10,000 USD or 8% of the approved amount according to the loan term.
In order to receive financial support from the Project, the subject must be a woman-owned SME that must meet the criteria set out…