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Guyana Launches Zero-Interest Business Bank | Guyana News

Guyana Launches Zero-Interest Business Bank | Guyana News

Published 2 weeks, 3 days ago
Description

Guyana just launched a bold new Development Bank designed to fuel entrepreneurship by offering zero-interest loans up to $3 million—with no collateral required. Targeting overlooked groups like young founders, women-led businesses, and people with disabilities, the bank prioritizes cash flow and business viability over credit scores. Beyond funding, it delivers mentorship, training, and technical support, with pathways to larger loans via commercial banks. Focused on key sectors like farming, tech, and tourism, the bank learns from past failures to build a resilient engine for economic growth—backed by a clear legislative win in the National Assembly.

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