For the ninth October, UPS employees around the world have joined with their friends and family to take part in volunteer projects in local communities. At UPS, we call it Global Volunteer Month.
This October, UPS expects our volunteers to complete 275,000 hours of service by painting, landscaping, and building in places like Brazil, Hong Kong, and Louisville, Kentucky. And, we’re well on our way to reaching that goal.
According to the 4th edition of the UPS Business Monitor Latin America, a common challenge identified by small to medium sized enterprises (SMEs) is a lack of access to capital financing for investments in their businesses. These investments can range from the hiring of more employees to purchasing specialized equipment, all under the objective of growing the business.
So what’s an SME with an eye on growth to do? UPS Capital®, the financial services arm of UPS, is expanding its Latin American network with the opening of new offices in Bogota, Colombia, and Lima, Peru. SMEs in both markets now have access to credit with very competitive terms and conditions for financing for the purchase of capital equipment through the use of Export Credit Agency guarantees.
As with any year, the latter months are often filled with holiday spirit, festivities and good wishes for the year to come. While the state of the economy one year ago may have preoccupied small businesses throughout Latin America as they entered the holiday season and the New Year, this time around they are enjoying the holidays with a sense of motivation for the year to come.
UPS recently launched the fourth edition of the UPS Business Monitor Latin America (BMLA), a study based on the surveys conducted among SME business leaders to gather insight into the latest opinions, attitudes and practices of SME decision makers throughout the region. The 2010 edition of the BMLA, as in other regions of the world, reveals that small and medium enterprises (SMEs) throughout Latin America are finally seeing signs of recovery for the first time since 2008.