Thursday, July 3, 2014

Pathways to Finance (P2F) Extends to Eligible Clients in Yap

By: James Limar

A recently established partnership between the local SBDC and the Pacific Islands Trade & Investments (PITI) has enabled eligible clients in Yap to access bookkeeping assistance which aims at increasing the prospects of their business proposals. This newly added product to the SBDC’s portfolio is made possible through a capacity grant generously provided by the Auckland-based PITI which has piloted similar projects successfully in Palau. With the primary objective of enhancing the likelihood of eligible Small Micro Medium Enterprises (SMMEs) in Yap to gain access to capital, expertise is being sourced from a local service provider, D&G Bookkeeping Service, to mentor pre-selected clients to develop financials of bankable standards that will enable lending institutions to properly assess the credit worthiness of the clients as well as their proposals and thereby enhance their rates of approval.


The following are the key features of the new service being offered, which like other services of the SBDC, is conveniently made available free of charge:

·         Installation or revision of bookkeeping system

·         Mentorship in keeping up system

·         Consultation in financial reporting

If you are interested in knowing more about this newly available service, or other services, programs, projects, and activities of the SBDC, please contact (691)-350-4801/2 or email or visit our webpage at