During this stage businesses will gain deeper understanding on financial management, credit and financing. With the guidance and counseling of experts, businesses will generate and interpret financial reports. As a result of this stage businesses can expect to:
During this last stage, businesses will understand their financing needs and have a clear path to reach those. If necessary, client will apply for financing through LEDC. With the guidance and counseling of experts, businesses will understand the importance of recordkeeping, assists clients to apply for a loan, overcoming barriers to accessing financing.
•Trainings per cohort: 3 workshops (2 hours each)
•Individual counseling: 3 sessions per business (6 hours of direct services and 4 hours of indirect services)
•Total hours per business/per cohort: 16 hours