Womens Entrepreneurship. About us. Vojvodina province in the Republic of Serbia located in the...
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Transcript of Womens Entrepreneurship. About us. Vojvodina province in the Republic of Serbia located in the...
Women’s Entrepreneurship
About us
.
Vojvodina• province in the Republic of Serbia
• located in the northern part of the Republic
• mostly agricultural region
• 2 million citizens
• agricultural soil makes up 84% of whole territory
• surface area of 215.000 km2
About us
Foundation: Decision of the Assembly of the Autonomous Province of Vojvodina of 18 December 2003
.
Our Mission
Aim: Guarantee Fund of the Autonomous Province of Vojvodine supports loans under favourable conditions to entrepreneurs, SMEs and farmers by providing guarantees for regular loan repayment to commercial banks
.
Application Activities until July 2010.
Action Effects Engaged guarantee potential (Euro)
Number ofguarantees
Purchase of mineral fertilizers 20.148tons
3.340.535 42
Purchase of agricultural machinery - tractors 805units
22.504.820 712
Purchase of farming land 307 acres
441.529 70
Support to women’s entrepreneurship 608new jobs
1.857.024 148
Export encouragement 781.000 EUR 625.000 12
28.768.907 984
1. Invitation for applications for approving guarantees for loans aimed at financing START UP programmes for unemployed women in Vojvodina
2. Invitation for applications for approving guarantees for loans aimed at financing the purchase of equipment by women entrepreneurs and women founders of small enterprises in Vojvodina who have performed their activity for less than three years
Supporting Women’s Entrepreneurship
Guarantee potential for both of the Invitations for applications is about 2 million Euro
INVITATION FOR APPLICATIONS
START-UPfor unemployed women
Women entrepreneursand women founders of small
enterprises – up to 3 years
• Project development started at the beginning of 2006• Invitations for applications in Banat region were launched at the end of 2006• First gurantee was issued in April 2007• Invitations for applications in the whole of Vojvodina were expended in the middle of 2007
d Project development
General reasons
•At the end of May 2007, 52,08% of all unemployed people were women
•According to the labour force questionnaire conducted by the Republic Bureau of Statistics, there were 22,7 % of self-employed women in Vojvodina
•Women made up only 15% of property owners in Vojvodina
- Due to the collateral lack, women have additional difficulties
to start and develop their own business
Reasons for Starting the Project
Reasons for Starting the Project
Specific reason
Programme for Banat financed by the European Agency for Reconstruction
Purpose of the programme was women’seducation and training for entrepreneurship
Project Partners
Banca Intesa
Secretariat of Labour, Employment and Gender Equality
Regional Agency for SME Development- MSP ALMA MONS Novi Sad
Regional Center for Socio-economic Development - Banat
Women's Entrepreneurship Academy Kikinda
Educational Centar Zrenjanin
Chamber of Commerce of Vojvodina
(Committee for Women’s Entrepreneurship)
Regional Chamber of Commerce Novi Sad
Credit Conditions
Economic activities:
Manufacture and processing
Tourism
Handicrafts – old crafts
Production services
Credit Conditions
Maximum loans for start-ups in the amount of up to 10.000 Euro. The loans are mostly intended for financing the purchase of equipment but 30 % of the loan can be used for working capital
Maximum loans for women entrepreneurs who have performed their activities for up to three years in the amount of up to 20.000 Euro.Total amount of the loan can be used for the purchase of equipment
Fixed nominal rate 6,95 %
Loan repayment period up to 6 years with grace period of 1 year
Monthly annuities
General Credit Conditions
Project Effects
150 women's projects supported
Engaged guarantee potential is 1.9 million Euro
618 jobs created
Monitoring – visiting applicants at the spot, familiarizing with the project, assisting applicants in completing the application
Following the project within the period of six years - assistance provided
Family business support Invitations for applications have been continuously open since
2006 and will be open until the guarantee potential has been fully exhausted
Participation of Women`s Entrepreneurs in the Investment Value is not necessary
Project Characteristics
Manufacture of pastry goods,
Manufacture of cakes,
Organisation of events,
Manufacture of wooden souvenirs,
Manufacture of EU palettes,
Photocopying services,
Manufacture of furniture,
Accommodation in private houses
Different projects
Manufacture of textile,
Accommodation services,
Children’s club,
Manufacture of dietetic products, herbal and honey based products
Fast food,
Processing of meat
Weaving,
Manufacture of cash register rolls,
Hairdresser’s and other beauty treatments
We have supported different projects
Approved projects
Prize of the Regions
The Autonomous Province of Vojvodina was awarded 2008 Prize of the Regions of the Council of Europe Congress for the project “Supporting Women’s Entrepreneurship” by Guarantee Fund of AP Vojvodine
2008 Prize of the Regions Laureate.
Our Applicants in the Future
Serbia, 21000 Novi Sad, Hajduk Veljkova 11Phone: (021) 489-3700
Fax: (021) 489-3700e-mail: [email protected]
www.garfondapv.org.rs
ALL RIGHTS RESERVEDAny part of this presentation may not be reproduced or transmitted in any form
without the prior written permission of the copyright owner.Photo: © 2006. JupiterImages Corp.