The ideal candidate will have a minimum of 10-15 years of accounting experience and would have substantial prior engagement with MSMEs. Provide business projections, supported by the statements that were compiled aboveįees will be paid on a “per client” basis.Use the records provided and other information obtained from the client, to compile financial records that would provide a clear indication of the financial standing of the business.Retrieve records from the client – invoices, receipts, bank statements, and other records, depending on the type of business that the client owns.Facilitate meetings with the clients for whom referrals are made.The consultant would have the following responsibilities: ECPCGC will send referrals to the accountant so that the required reports can be prepared for submission to the financial institutions.ĮCPCGC is looking to obtain the services of an experienced accountant who has worked with MSMEs nationally and has experience in creating financial reports and projections from incomplete records.
They, therefore, do not return to the banks with the documentation and so lose out on the opportunity to participate in the guarantee programme.Īs the economies rebound from COVID 19, it is expected that the demand for guarantees will pick up, and there may be many more under prepared clients trying to access the guarantees. Many clients are cash constrained and are unable to afford the fees for an accountant to prepare the requisite statements. A high level of informality among the businessesĬonsequently, the institutions have requested that the clients get their files organized so that proper assessments may be made of the businesses and the need for financing.The banks have cited the following issues that are prevalent among the customers: In the absence of proper records, the financial institutions are unable to complete their assessments. The institutions would review the documents, adjudicate the loan, and if approved, send an application to ECPCGC for a guarantee to make up for the collateral deficit. The process is that the entrepreneurs approach the financial institutions for loans, armed with their financial documents, projections, business history, and a clear idea of the purpose of the loan. In general, both banks and MSMEs are unfamiliar with guarantee schemes and the credit enhancement that they can provide. ECPCGC became operational in 2020 and its staff is working with banks in the six nations that comprise the ECCU. The programme provides guarantees of up to 80% on loans made by private sector lenders to qualifying micro, small and medium enterprises (MSMEs). In conclusion, Sister Payal gave a brief history of the Brahma Kumaris whose headquarters is in India and its current activities.The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) was created to increase the amount of financing available to MSMEs in the Eastern Caribbean Currency Union (ECCU). She advised that if you wish to manage your life and have less stress she is also conducting classes in Stress and Self Management. Dave called upon the listeners of the frequency Observer 91.1 to visit Sister Payal who is a Teacher of this Art Form of Meditation for over forty-four years and learn about meditation as it is a voluntary community service that is being offered. Having defined Meditation as a Spiritual Art of “quality thinking as against quantity thinking”, she emphasized the need for management of one’s thoughts as an essential technique for harmony and positive relationships. Payal emphasized the importance of Meditation as a tool for keeping check and control of one’s thoughts and actions, for a Peaceful and Happy Life. She spoke on a wide variety of topics like the values, behavior, and lifestyle that are required for our daily safety and well-being, especially at this time as Carnival will be taking place this coming weekend on the Island. Dave Lester Payne said, It was a truly heartwarming and informative interview with Sister Payal. Dave Lester Payne Radio host of Observer 91.1 in Antigua and Barbuda. Antigua and Barbuda, Caribbean ( North America ): BK Sister Payal was interviewed by Mr.
0 kommentar(er)
