Wednesday, November 21, 2007

Free Financing Lecture and Consultation for SMEs

The Department of Trade and Industry’s Bureau of Small and Medium Enterprise Development (BSMED), in partnership with the Entrepinoy Volunteers Foundation, Inc., (EVFI), will conduct a lecture entitled “Creative Financing for SMEs”. It will be held on November 28, 2007 (Wednesday) from 2:30 to 5:00pm at the BSMED Briefing Room, 3rd Floor, Oppen Building, 349 Sen. J. Puyat Avenue, Makati City.

The contributions of SMEs to economic growth cannot be overemphasized considering that they account for 99.6 percent of all registered firms in the country and employ 70 percent of the labor force. However, the ability of SMEs to grow depends highly on their potential to invest in restructuring, innovation, and skills improvement. All of these investments need capital and therefore access to finance.

The lecture is aimed at increasing awareness of micro, small and medium enterprises (MSMEs) on the alternative ways of sourcing their financial requirements, as well as the advantages and disadvantages of each financing alternative. It will also help them enhance their understanding on collaterals and financial statements.

Mr. Napoleon T. Cabello, who is an expert in financial management, will be the resource speaker on the topic. EVFI volunteers will be available for consultations after the lecture.

Interested parties are requested to pre-register with BSMED. Call Ms. Mhel Gabriel or Ms. Carissa Sapera at 897.1693 and 897.7596 to inquire or register. (end)

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