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Head of the Barbados Trust Fund Limited has conceded that the loans from that organisation to some persons trying to launch and finance their businesses is not enough in the current environment of rising input costs.
Jerry Amos, the fund’s acting General Manager told the Estimates hearing on Monday morning that the challenge arose over the last couple years as prices
Trust Fund hands out 144 small biz loans
Article by December 11, 2020
Over 100 small business owners Thursday received relief funds with advice from the Barbados Trust Fund Limited as it hosted a loan disbursement ceremony at the Parkinson Resource Centre in the Pine.
During the brief function, clients also received tips in marketing and money management to help them better adapt their business models for future growth, despite the uncertainty in the economy as result of the COVID-19 fallout.
General Manager Jerry Amos said the fund has been overwhelmed so far with the interest from clients although so far only about one-tenth of the backlog of applicants have been approved.