PROJECT DESCRIPTION
The SIFA project, part of a broader GTZ Programme, aimed to strengthen the competitiveness and eco-efficiency of small and medium enterprises (SMEs) across sectors like oil palm, shrimp, tapioca, saa paper, fruits, and vegetables. SIFA served as the financial component, supporting SME-targeted financial services through partnerships with state banks in its initial phase and later expanding to include commercial banks and other financial institutions (PFIs).
ICON-INSTITUT implemented the project by encouraging financial institutions to recognize SMEs as a viable customer segment, train SME finance staff, strengthen institutional capacity for SME lending, implement credit scoring systems, and develop innovative financial products for SMEs. Additionally, the project promoted legislative changes to increase the types of collateral assets SMEs could use for financing. After the 2004 Tsunami hit Thailand, the project quickly pivoted to support affected SMEs through the "RESTART" initiative, offering services such as individual and group counseling, loan application assistance, workshops for motivation and business planning, and intensive counseling for specific businesses.
(4401403)