SIDO FOR SME’S DEVELOPMENT
SIDO has been doing tremendous job in supporting Small and Medium Enterprises (SMEs) in order to nurture their businesses. The support given is through the available programs in the areas of Technology development, marketing and information, training and extension services and credit services.
In Technology development, SIDO enables SMEs to acquire simple machines that enable them easily manufacture various products. The manufacturing of the machines depends largely on resources in terms of raw materials available in a particular region or zone. Taking example of southern zone regions (Mtwara,Lindi,Pwani and Ruvuma) cashew nuts and cassava processing machines are manufactured through our Technical Development Centers (TDCs) of SIDO Lindi compared with other type of machines. This is because the demand for these machines is very high. Other region such as Iringa and Mbeya TDCs most of its machines made are those of grain and oil processing because such raw materials are produced in plenty in those regions.
It is most likely that engaging in business without skills of running the business can make entrepreneur unsuccessful. Training and extension services are offered to make sure that SMEs acquire necessary skills that will enable them start, develop and improve their businesses. Skills imparted include; how to start a business, managing your business, utilization of available natural resources through various processing skills and methods.
It is known that a big challenge among SMEs is how to market their products. Addressing the challenge, SIDO takes various measures that will enable SMEs products access local and globe markets. One of the strategies undertaken by SIDO is the establishment of zonal exhibitions. This is conducted at zonal level where each zone comprises of three to four regions. The main purpose of the exhibition is to enable SMEs create awareness of their products to customers beyond their production locally. SIDO also facilitates SMEs through out the country to participate at the Dar Es Salaam International Trade Fairs (DITF) conducted every year. Products displayed at all events are from different sectors such as engineering, textile, food processing, handicraft, leather and leather products. Other exhibitions SMEs facilitated to participate are honey exhibitions, engineering exhibitions, Jua Kali and EAC exhibitions etc. Apart from exhibitions and trade fairs, other strategies used by SIDO in promoting SMEs products include; uses of various promotional materials such as newsletter, brochures, fliers and SIDO Website.
Financing SMEs enterprises is also of priority to SIDO. One of the big hindrances to SMEs business development is lack of finance. SIDO has established strategies that enable SMEs access finance through Credit guarantee Schemes and or SIDO Credit programs.
Other specific programmes run by SIDO for the intention of Supporting SMEs include; Muunganisho Ujasiriamali Vijijini (MUVI), One District One Product (ODOP), Incubator, Artisan Support and Women Entrepreneurship Development (WED).