BOV JAIME helps you get started
The rapidly increasing number of female entrepreneurs in the Maltese islands has meant that more women are searching for capital to fund or grow their business. However, without accessible funding, many business owners might find that growth and success will take considerably longer to achieve.
This was stated by Victoria Azzopardi’s, analyst within BOV’s EU & Institutional Affairs at Bank of Valletta during a seminar organised by the Ministry for the Economy Investment and Small Businesses; the Maltese Association of Women in Business, Business and Professional Women and the National Council of Women.
‘A business starts with an idea which is developed into a product or a service that provides a solution to a problem. Market Research carried out by the entrepreneur ascertains that there is a demand for the product or service being offered whilst the value-added proposition and the right pricing ensures sustainability of the business venture.
A sound Business Plan including realistic cash flow forecasts, is an indispensable dynamic tool and is key at attracting potential financing,’ continued Ms Azzopardi.
Bank of Valletta has been offering risk sharing instruments, geared towards Small and Medium sized enterprises for the past years, coupled with expertise and specialised assistance to meet and exceed their financial requirements. The BOV JAIME Financing Package is a risk sharing Instrument using a blend of funds including the European Investment Bank (EIB), European Regional Development Funds (ERDF) and Horizon 2020.
‘Lower interest rates than normal market rates with highly reduced collateral obligations can act as a catalyst for your business growth,’ concluded Ms Azzopardi. ‘Coupled with tailor made solutions with advantageous terms, these will continue to assist female entrepreneurs make huge strides in the business environment.’
"Bank of Valletta p.l. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap.371 of the Laws of Malta)."