Dedicated
Sometime in the not too distant future, the Institute for Private Enterprise Development (IPED) will hold its 26th Annual General Meeting to discuss the performance of the organization over the last year, and most likely attend to other housekeeping matters. The information that it will share with the public this time around is unlikely to be as impressive as in previous years considering what the Bank of Guyana had to say about the performance of these important providers of credit in its third quarter report of 2011. With 99 percent of their loans going to the micro and small business sector, lenders like IPED, Small Business Development Finance Trust Inc (SBDF) and Develop-ment Finance Limited of South America Incorporated (DFLSA) are truly dedicated to serving the micro and small scale entrepreneur.
IPED is the largest of the three organizations that have a full time mandate of lending to micro and small businesses in Guyana. Its coverage is extensive with activities in all regions of the country and with deep penetration in the commercial and productive activities of the country. Thus, what the BOG’s report says about micro financing can be taken
