Small Business grant recipients to proceed under strict monitoring

Historic signing: Stakeholders signing the Memorandum of Understanding. Small Business Bureau CEO Derrick Cummings is at extreme left.

Small business operators who, late last month, received more than $20 million in grants under the Micro and Small Enterprise Development (MSED) Project through the Low Carbon Development Strategy Guyana Redd+ Investment Fund can anticipate stringent post-disbursement monitoring from the Small Business Bureau (SBB) to ensure compliance with the conditions under which the grants were allocated, the Bureau’s Credit Guarantee Fund Manager Gillian Griffith has told Stabroek Business.

In a briefing provided for this newspaper Griffith alluded to the fact that the Bureau’s Grant Manual dictated that only “regularized small businesses”