Transcript FAMPE - Fundo de Aval do SEBRAE

SEMINARIO DE FINANCIAMIENTO PA
LA PEQUENA Y MEDIANA EMPRESA
Promoción y Financiamiento del
Desarrollo Empresarial de la PYME.
SEBRAE - BRASIL
BRAZIL - GEO ECONOMIC
FIGURES
Area :
Population :
GDP :
GDP per capita :
Labor Force:
8.500.000 km2
166 million
US$ 700 billion
US$ 4.200
125 millon
BRAZIL- COUNTRY OF
CONTRASTS
•high technology sectors, competitive worldwide
•good infra-estructure: transports, energy and
communications.
• natural resources and rich biodiversity
• regional and social inequalities:more than 54
million living with less than a US$ per day
• large areas with low level of human development74th position in the world ranking ( IDH 0,747)
THE IMPORTANCE OF THE SMALL
BUSINESS IN BRAZIL
Enterprises (4,5 million - formal sector)
98,5%
9,5 million from the informal sector
 Employment
65,0%
 Wages
42,0%
 National Product
54,0%
 Exporting Share
2%
WHAT IS SEBRAE?
• Government organization to support the development of
small bussiness in Brazil.
• Present in all 27 states of Brazil, in Buenos Aires and
Paris
• 416 offices for customer services
• US$ 500 million annual budget. Source from the social
contributions.
• Alliances with many government and private
institutions, and also with the third sector (NGO)
THE MACRO STRATEGIES OF SEBRAE
FOR THE SMALL BUSINESS
.To provide favorable environment for the
establishment and development of SME
•To support processes based on local and integrated
development arrangements (productives chains,
clusters, etc).
•To make available products and services to a larger
customer base.
SISTEMA SEBRAE
RESULTS 2000
SUPPORTED ENTERPRISES
1,5 million
COURSES
16 thousand
TRAINED PEOPLE
490 thousand
FAIRS AND EVENTS
356
MUNICIPALITIES/DISTRICTS 445
CONSULTS
3,3 million
SISTEMA SEBRAE
MAJOR UNITS
FINANCING AND CAPITALIZATION UNIT
. Credit Guarantee - Fundo de Aval - FAMPE
. Microfinancing
. Venture Capital
. Funding/Project analysis
. “Brasil Empreendedor”
ENTERPRENURIAL DEVELOPMENT
COMERCIALIZATION
PUBLIC POLICIES
AGROBUSINESS
EXPORT AGENCY
INFORMATION
TECHNOLOGY
SUSTAINABLE LOCAL DEVELOPMENT PROGRAMS
FAMPE- FUNDO DE AVAL
MAIN DIFFICULTIES OF SME TO ACCESS CREDIT
( National Survey)
High demand for guarantees
40%
High interest rates
28%
Excessive bureaucracy
14%
Absence of resources
13%
Others
5%
________________________________________________
TOTAL
100%
FAMPE - FUNDO DE AVAL
Constitution date:
22/06/95
Start up Resources:1995 US$ 37 MM
New Resources:
Source:
1999
2000
US$ 8,5 MM
US$ 16 MM
Sebrae budget.
First contract: July/95 with Banco do Brasil.
FAMPE -FUNDO DE AVAL
OBJECTIVES
General
– To provide a financial tool for the brazilian small
business to access the credit market.
Especific
– To build a credit guarantee fund for the small
business in Brazil, aiming to provide complementary
guarantees for loans, acting as a second floor
institution.
FAMPE-FUNDO DE AVAL
QUANTITATIVE RESULTS - APR/2001
ENTERPRISES
GUARANTEES
US$ MM
GENERATED FINANCING US$ MM
FUND NET WORTH
US$ MM
DEFAULT RATE
CREATED JOBS
13.666
96
203
57
4,45%
40.614
POLICIES TO SUPPORT
MICROFINACING
PROGRAMS
GENERAL PURPOSE:
TO STRENGHT MICROFINANCING
INDUSTRY IN THE COUNTRY, AIMING TO
INCREASE CREDIT SUPLLY AND EASINING
SMALL BUSINESS ACCESS.
POLICIES TO SUPPORT
MICROFINACING PROGRAMS
MAIN DIFFICULTIES TO DEVELOP THE
MICROFINANCING INDUSTRY:
 Non organized communities and absence of leadership
with knowledge of microfinancing.
 Lack of resources, specially for the infant instituitons
 Low quality of professionals and labor supply in general.
 High operational costs under small portfolio size.
VENTURE CAPITAL
PROGRAM
OBJECTIVES:
 TO DEVELOP SMALL BUSINESS.
 TO DEVELOP VENTURE CAPITAL MARKET IN
BRASIL
 TO PROVIDE RETURN TO INVESTORS.
VENTURE CAPITAL
PROGRAM
SOME POSSIBLE FORMS AND PRIORITIES OF SEBRAE ACTING:
 INVESTMENTS IN MUTUAL FUNDS FOR EMERGENT
ENTERPRISES - FMIEE
 TECHNOLOGY AND EXPORT BASED ENTERPRISES.
 IN PARTNERSHIP WITH LOCAL AND INTERNATIONAL
INVESTORS
 PARTICIPATING IN THE INVESTMENT COMITEE OF THE
FUNDS
 PROVIDING CONSULTING SERVICES AND SUPPORTING
MANAGEMENT
VENTURE CAPITAL
PROGRAM
SOME PARTNERSHIPS ALREADY CONCLUDED:
in US$ MM
FUND
SEBRAE
Brasil Venture 6,8
Fundotec
2,5
SCTec
1,4
PARTNERS
6,8
5,7
4,1
TOTAL
13,6
8,2
5,5
TOTAL
10,7
16,6
27,3
PARTNERS:
BID/FUMIM, BNDES, PENSION FUNDS AND
PRIVATE INVESTORS
FUNDING / PROJECT ANALYSIS
 SEBRAE ACTS ALSO AS A SECOND FLOOR
FINANCIAL INSTITUTION PROVIDING US$
250 MM FUNDING TO CREDIT
INSTITUTIONS.
 SEBRAE PROVIDES SERVICES FOR
PROJECT ANALYSIS AND CREDIT
PROPOSALS.
PROGRAMA
“BRASIL EMPREENDEDOR”
 This program is a result of a multi
institutional effort to provide credit for
“good ideas/beginners” under the concept of
“Oriented Credit”
 Goal of the program:
To support technically and to provide credit to
5000 enterpreneurs.
US$ 100MM financing.
SEBRAE
ALEXANDRE ARAUJO
TEL:(55)-(61)-348-7365
E-MAIL:[email protected]