S Z É C H E N Y I C A R D

1. S Z É C H E N Y I C A R D KA-VOSZ CC. László Krisán, CEO

2. SMEs IN THE EU 1. • SME’s are facing same problems in all EU countries: • lack of capital • mistrust between banks and SMEs • limited access to liquid finance. • does not get the deserved attention, even though 95 % of all companies are SME • need for useful tools, a financial product to fill the gap. Based on the basic principles of the European Union, and understanding the problems of micro-, small,- and medium enterprises a special financial tool was formed to help and assist the SME sector to acces finance. This tool is the SME orineted special credit, the Széchenyi Card. www.kavosz.hu

3. SZÉCHENYI CARD 2. • € 100,000 charge account credit (staged initiation: 4-20-40-100 thousands) • 1 year duration • Interest and guarantee feesupport • Advantageous coverage and security • Lengthing, appropriation raising possibility • Bank card (main & partner cards) accepted internationally • Quaterly redemption obligation • Available for a wide range of SMEs’ • In extremely short time (two weeks) • At the lowest interest rate and costs level of the credit market • Through door-to-door servicing • With easy understanding, meeting the needs of individual enterprises, • The special co-operation system accepts and considers all the aspects and interests of the participant institutes. www.kavosz.hu

4. GOOD TOOL 3. • A GOODTOOL for helping SME’s access to finance • Based on real SME needs • Eliminates red tape in SME support • Simple, emphatetic communication, speaking the „SME’s language” • Cheap (low cost) and fast funding • Educates the SME’s to use financial services • Simple and standardised treatment • Inspires the competition of commercial banks in SME finance • Expands financial services demanded by SME’s • Chambers and NAEE attend the SME’s, form trustful relationship between them and SME’s by this new type of selling channel • „Whitening” the economy, approve the achivement of • obligations in administration and in tax discipline www.kavosz.hu

5. FACTS IN HUNGARY 4. • 20% of the full hungarian SME sector has been reached • 120,000 applications, rising by 2,000 monthly • Full coverage, accessable country-wide • 300 offices and 1,700 brances (75% of the Hungarian bank sector) • 85,000 Széchenyi Card handed over • € 1.6 billion distributed to SMEs’ in 4 years time • 18,000 new jobs created (in 2005-2006) • Founders: • VOSZ (National Association of Entrepreneurs and Employers) and MKIK (Hungarian Chamber of Trade and Industry) • Participants in the structure: • Credit Associations (5 bank and 130 saving cooperatives), Credit Guarantee Plc. and Ministry of Economy and Trade. www.kavosz.hu

6. ADAPTATION 5. • This successful tool can be adapted in any country with the unique cooperation between different types of organisations, as of: • there are chambers and enterprise representation associations in every country to reach SME’s by using the extant trustful relationship • all the countries have their own guarantee associations which can be motivated in developing SME’s access to finance • there are commercial banks that can be motived in the adaptation every country • there is governmental role in SME access to finance in every country, • there is accomplished written and verified know-how in KA-VOSZ • The „only” task is to join the forces of extant associations along their interest relations. „THE MISSION IS POSSIBLE” www.kavosz.hu