Use remittances to insure small business loans

Carl Greenidge

With more than an estimated US$100 million flowing into Guyana annually from the Diaspora, former Finance Minister Carl Greenidge is suggesting that some financial institutions geared towards Small and Medium Enterprises (SMEs) consider using remittances as guarantees for loans.

This, he told a business breakfast held at the Pegasus on Monday in honour of the late Winston Murray, is already done in other