EMN Exchange Visit Finland - September 2005 Finnvera 0
Table of Contents HOST ORGANISATIONS’ GEOGRAPHICAL DISTRIBUTION ..........................................................................................2 PROGRAMME ..................................................................................................................................................................3 FINNVERA ........................................................................................................................................................................4 F INNVERA ’ S PRESENTATION ..............................................................................................................................................4 T HE F INNISH MICROFINANCE SECTOR ................................................................................................................................7 PARTICIPANT’S PRESENTATION ....................................................................................................................................8 A DIE (F RANCE ) ..............................................................................................................................................................8 ANOFM (R OMANIA ) ......................................................................................................................................................9 A SOCIACI€N SURT (S PAIN ) ...........................................................................................................................................10 “B ESA ” F OUNDATION (A LBANIA ) ...................................................................................................................................11 E VERS & J UNG (G ERMANY ) ............................................................................................................................................12 F ONDS DE P ARTICIPATION (B ELGIUM ) ............................................................................................................................13 F UNDACI€ U N S OL M €N (S PAIN ) ...................................................................................................................................14 I NTEGRA V ENTURE F OUNDATION (S LOVAKIA ) .................................................................................................................15 MFC - M ICROFINANCE C ENTRE FOR C ENTRAL AND E ASTERN E UROPE (CEE) AND THE N EW I NDEPENDENT S TATES (NIS) (P OLAND ) ....................................................................................................................................................................16 R URAL D EVELOPMENT F OUNDATION (P OLAND ) .............................................................................................................17 WEETU (U NITED K INGDOM ) .........................................................................................................................................18 LIST OF PARTICIPANTS .................................................................................................................................................19 FINNVERA’S OFFICES AND HOTEL’S LOCATION ........................................................................................................22 LOCAL TRANSPORTATION TIMETABLE ......................................................................................................................24 GROUPS ..........................................................................................................................................................................24 ANNEXES ........................................................................................................................................................................25 L OCATION M APS ...........................................................................................................................................................25 1
Finland Exchange Visit 28-30 September 2005 Host Organisations’ geographical distribution 2
Programme Exchange Visit agenda: overview The visit is going to take three full working days. Time Description 28 September Introduction - Welcome to Finnvera, Kari Villikka, Vice president, Domestic Financing 9.00-12.00 Presentation about Finnvera and the Finnish micro-credit sector in general, Martin Ingman, Head of the Unit , Eu affairs, Anneli Soppi, Development Manager Getting to know each other: Short self-introduction of visitors and organisations (5 minutes each) 12.30 Travel to host organisations: lunch on route; arrival mid-late afternoon when delegates will receive a presentation by host organisation Evening Common activity / informal exchange 29 September Field day – Delegates observe host organisation 9.00-11.00 Meeting / Interview / Activity 1 11.00-13.00 Meeting / Interview / Activity 2 14.00-17.00 Meeting / Interview / Activity 3 17.00-19.00 Writing up field notes 30 September Field morning + mutual learning conclusion 9.00-10.00 Meeting / Interview / Activity 4 10.00-11.00 Meeting / Interview / Activity 5 11.00-12.00 Debriefing with local structure visited 13.00 Travel back to Helsinki 18.00-20.00 Debriefing and conclusions Evening Dinner (informal gathering) 3
Finnvera Finnvera’s presentation Finnvera plc is a specialised financing company offering financing services to promote the domestic operations of Finnish businesses and to further exports and internationalisation of enterprises. Finnvera is 100% owned by the State of Finland. Finnvera acts as Finland’s official Export Credit Agency (ECA), too. Finnvera in brief specialised financing company owned entirely by the Finnish state share capital 196,6 million euro balance sheet total 1 504 million euro Finnvera plc's outstanding commitments 31.12.2004 credits and guarantees about 2 billion euro o export credit guarantees and special guarantees about 4 billion euro o 26 300 clients 16 regional offices 404 employees How does Finnvera operate? A specialised financing company owned by the State of Finland, Finnvera plc provides services to supplement the Finnish financial market. Finnvera ’s task is to correct the market imperfections in SME financing. Via it•s finance facilities Finnvera promotes the development of enterprise, regions and the exports of Finnish companies. Finnvera carries out this task by improving the range and versatility of financing options available to enterprises through loans, guarantees and export credits. Finnvera grants loans to enterprises and entrepreneurs, and issues guarantees and export credit guarantees to enterprises and financiers. Finnvera participates in the financing of enterprise activities based on a profitable business idea when the risks associated with financing - often insufficient security - prevent the enterprise from obtaining financing on market terms. Situations of this kind are typical for starting or expanding enterprises, or enterprises engaged in exports. Start-ups are one of the most important client segments of Finnvera . Annually about 60% of new customers are start-ups. Start-ups differ by background and by objectives of an entrepreneur . The finance demand of an self- employed differs from that of borne global . Finnvera‚s Micro-credit Schemes Finnvera €s microcredits are a kind of down scaling of SME-lending and particularly micro-enterprise lending. Finnvera can take higher credit risks than private credit institutions. Apart from access to finance, small companies, particularly start-ups need additional support trough advice, training and mentoring. In Finland these non-financial services are provided by competent local bodies: Employment & Economic Development Centres, Job and Society Agencies and Women€s Enterprise Agency. Together in partnership with these bodies, parties Finnvera€s finance facilities build a service chain. Finnvera ’s ability to take risks in domestic financing is enhanced by the commitment given by the State of Finland to compensate for a certain share of Finnvera ’s credit and guarantee losses. Finnvera transfers this support to its own clients by reducing the price payable for loans or guarantees accordingly. Through its special loans and guarantees, Finnvera also acts as an intermediary between the European Union's financing programmes and Finnish SMEs. 4
Recommend
More recommend
