Beneficiaries of funding under the state-run Micro and Small Enterprise Development (MSED) project aimed at assisting vulnerable groups to create alternative livelihoods are now unlikely to satisfy a key original target set out in the project’s conditionalities, Derrick Cummings, former chief executive officer of the Small Business Bureau, the agency responsible for managing the project has told Stabroek Business.
Lengthy delays in getting the project off the ground after former president Donald Ramotar had launched it with much aplomb at what is now the Arthur Chung Convention Centre in October 2013, now mean that beneficiaries will almost certainly be unable to meet the critical target of creating 2,200 jobs
