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Several non-bank lending agencies have thrown out at least $1 million in lifeline financing to rescue micro, small and medium-sized enterprises (MSMEs) from the economic stranglehold of the pandemic and continue to help them to get restarted after national lockdown.
At a recent webinar on Financing Start-ups And Business Ideas, the Financial Literacy Bureau said many small businesses were helped to stay afloat as it made a case for start-ups getting more than funding in a full package of support that also provided developmental training for entrepreneurs, and in times of uncertainty such as the COVID-19 pandemic, refinancing options and suspension of loan repayments.
Bowen making Cubb’s work for his family
Article by April 30, 2021
Just about three years after venturing into an area in which he has always dreamt about getting involved, Ferniehurst, St Michael resident Kenroy Bowen came very close to the brink of going out of business.
However, with perseverance, encouragement from friends and being able to access financing through the state-run Trust Loans Fund, the father of four is instead today casting his sight on expanding his operation.
Bowen is the proud owner of Cubb’s Fruit, Veg & Variety, trading in root crops, fruits and vegetables.
Unaware of the challenges that small businesses face and with no formal training, the tradesman said he decided approximately three years ago to put his tiling on pause after “things started to slow down”, and pick up the trading of fruits and vegetables.
Financial Literacy Bureau clinic at Christ Church Foundation cancelled
Article by December 14, 2020
The Financial Literacy Bureau (FLB) clinics slated for tomorrow, Tuesday, December 15, and Thursday, December 17, at the Christ Church Foundation School, Christ Church, to discuss Budgeting for your Household and Costing and Pricing for Businesses have been cancelled.
However, the clinics will continue at other venues for the week.
Using your Credit Card Wisely will be the topic for discussion during the clinic at Ellerton Community Centre, Ellerton, St. George, on Wednesday, December 16.
At the Frederick Smith Secondary School, Trents, St. James, Costing and Pricing for Businesses will be discussed. At the Gall Hill Resource Centre, Gall Hill, St. John, facilitators will educate persons on Using your Credit Card Wisely. All sessions will run from 6:00 to 7:30 p.m.