US$10M project set to bolster loans for small businesses

Chief Executive Officer of the bureau’s Secretariat Deryck Cummings

– funding to come from GRIF

Government will shortly roll out a new US$10 million financial support programme for small enterprises through the Small Business Bureau (SBB), Chief Executive Officer of the bureau’s Secretariat Deryck Cummings says.

The disclosure that government spending under what is known as the Micro and Small Enterprise (MSE) Development and Building Alternative Livelihoods for Vulnerable Groups could begin shortly is contained in a letter from Cummings in response to an article in this newspaper, in which some small business operators complained of official neglect of the sector.

In his letter, Cummings says the Government of Guyana recognizes the role small businesses have to play in the local economy and “is seeking to further foster their development by