Small and Medium Enterprises (SMEs) are significant employers and are often crucial suppliers of important commodities, goods and services. Importantly, a vibrant SME sector offers the best potential for an eventual broad private sector resurgence once the current crisis subsides. Particular attention therefore needs to be given to supporting this segment of the economy and access to credit to underpin SME’s revival plans are crucial during a pandemic and post-pandemic period. Improved access to financial services and credit by the private sector will help to drive economic growth and create more jobs – goals that are consistent with Strongim Bisnis’ mandate.
Working with regulatory authorities and banks to better provide financial products that assist Solomon Islanders, especially those in the provinces, to access financial services.
Expand the shared agency and digital payment network. This includes incubation of mobile money products
Expand effective Micro, Small and Medium Enterprise (MSME) business and financial management development services
Develop cost effective and appropriate SME credit products
The anticipated results from successful interventions within the above areas are:
Three key partnerships have been established with key private businesses in the cocoa sector, C-Corp Ltd, Island Enterprise, and Makira Gold.
Strongim Bisnis coordinated the 2018 SolChoc Cocoa and Chocolate Festival in partnership with MAL, RDP, PHAMA, ADRA, SICCI, and CEMA.
A major value-added processing feasibility study is underway, to be finalised early 2019.