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Guyana’s New Bank to Fuel Business Dreams | Guyana News

Guyana’s New Bank to Fuel Business Dreams | Guyana News

Published 2 weeks, 1 day ago
Description

Guyana’s new Development Bank is set to revolutionize entrepreneurship by unlocking up to $30 million in cluster loans for bold business teams, offering zero-interest, zero-collateral funding up to $3 million plus subsidized rates as low as 3.5% through partner banks. Designed to tackle the capital gap stifling small businesses, the initiative pairs financing with mentorship, financial literacy, and technical support—because success needs more than money. With over 137,000 new business registrations since 2020, the government is doubling down on growth by also boosting trade, slashing energy costs, and empowering key sectors like agriculture, tourism, and creative industries to build a thriving, globally competitive economy.

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