Young entrepreneurs benefiting from G$100M business funding facility under GYBT-IDB partnership

GYBT’s Daren Torrington

Forty young entrepreneurs are currently operating new businesses through funding provided by the Guyana Youth Business Trust (GYBT) the youth arm of the Institute of Private Enterprise Development (IPED) under a US$101,800, 000 partnership programme between IPED and the Inter American Development Bank (IDB) and several more are being prepared to access funding for business startups, according to GYBT General Manager Daren Torrington.

Speaking with Stabroek Business earlier this week Torrington said the new young entrepreneurs from Georgetown and Linden, primarily, had been provided with unsecured loans of up to $800,000, after they had all undergone two-week training and orientation programmes as part of the criteria for