Archive for September, 2009
Small businesses: the higher credit risk in Sicily
According to the analysis of the eleventh edition of the Observatory on Financing for small economic operators, undertaken by CRIF Decision Solutions and Nomisma, in December 2007, the rate of micro suffering stands nationally at 4.3%, while rates Insolvency slight and severe respectively 3.7% and 1.6%.
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Ice cream: thousands of SMEs soften the throats of the Italians.
It is known that the true inventors of the ice cream they were Italians and the Italians to bring their own ice cream in the world. Over the years the market has become ever larger, so that today the number of Italian companies active in the field is 7092. Most of these are newly established: in fact, over half (57%) were formed after 2000 and 39% was established between 1980 and 2000.
From a legal standpoint, 56% of companies in this sector are sole proprietorships, 38% are partnerships, and 6% are corporate capital.
Regarding the territorial distribution, the podium is occupied by northern Italy: the regions with the highest concentration of companies is Lombardy (16%), followed by Emilia Romagna (13%) and Veneto (11%) .
As many as 96% of companies do not declare the value of production, probably because 94% of the total is made up of sole proprietorships or partnerships that are not obliged to file financial statements in the Chamber of Commerce.
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Generation plastic: credit cards to the conquest of young
The major financial institutions increased attention to the portfolio of products aimed at young people and also in Italy – in the wake of what is happening in the U.S. – was created in recent years an innovative range of financial tools specifically targeted to this important customer segment.
The fifth volume of the Observatory of credit cards, developed by CRIF Decision Solutions in collaboration with GfK Eurisko Assofin and has dedicated his monograph deepening financing instruments – especially to credit cards – reserved for young people, belonging approximately the categories “adolescents”, “students and young workers.”
The research investigated the supply of major European and American banks paid to target young people, both in Italy and abroad.
The youth market is a financial player on the market segment of interest. Acquire a customer in the early stages of its “financial life”, in fact, provides the financial institution can create with it a relationship of trust and education, a relationship which, if well managed, can become profitable and generate value for the medium to term.
According to figures released by VISA, published in Teens and Credit (edited by Jennifer Delcamp) in 2006 in the U.S. on 50.4% of the costs incurred by consumers between 18 and 24 years was made through payments by credit card or debt. That value is growing so much that VISA has coined for the young American clientele the name of Generation Plastic Janu P.
Analysis of the products offered by lenders is clear the trend of recent years to introduce a series of programs specifically dedicated to younger customers (especially students), identified as an extremely attractive target.
Deals with young people have similar characteristics both in Italy and abroad, because they meet the financial needs of the typical “young” and that is the “usability” and “flexibility.” The “usability” is the potential use of credit for specific needs such as coverage of the tuition fees and provision of additional services including discounts at local businesses rather than promotions on technology products (Internet, cell phones, computers). For “flexibility” is meant the ability to manage personal finance, based on ability to repay (for example, longer duration, delays in the commencement of payments and economic conditions facilitated).
There are also different modes of communication of the tender on the basis of levels of segmentation .. It outlines, in fact, three categories of the youth population: the “teenagers”, up to age 17 who still attend the college or high school, the “young”, aged between 18 and 24 who attended the graduate and young adults, aged over 24 who are about to enter the world of work. It is also apparent, both in Italy and abroad, another niche segment, the so called “kids”, that is very young under the age of 12 years to which it is proposed to manage their savings through savings or dedicated.
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The economy of Africa saved from mobile
In the rural areas around Hyderabad, in central, a small revolution has overturned in a few years, power relations secular. The true masters, until yesterday, were the middlemen, the wholesalers who were buying the crops of rice and corn to hundreds of thousands of small farmers, then resell them in town.
At what price include? At the same wholesalers that the assured to be fair, in those market conditions. Besides, how could they control the peasants? With one phone call, certainly, but good, old phone never came in those campaigns: in the world, says the World Bank, there are around one billion telephone lines and more than half are in Europe and the United States. This is what has changed over the past five to six years: now you can make a shot phone, which is easy to bring in the countryside, it works and keeps at bay the intermediary.
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