Monday, 28 July 2008

CSR funds could become an alternative funding for SMEs

The government said that the Corporate Social Responsibility (CSR) funds from every company could become an alternative for funding and empowering the SMEs. Deputy for Funding Sector from the Ministry of Cooperation and SMEs, Agus Muharam, said that the empowerment is meant especially for women. He said that women have strategic value in the developing the SMEs. In Indonesia there are around 40 million small and medium entrepreneurs. 60% of them are women entrepreneurs. Research of the Ministry of Cooperation and SMEs showed that the credit turnover rate of women entrepreneurs is good. (Bisnis Indonesia, Mo May 19, p. R2)

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