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St. Kitts and Nevis Information
Loans for Food Production are Available on St Kitts and Nevis
2010-03-19 22:50:43 by
The Federation of St Kitts and Nevis is offering interest free loans to support businesses that will improve the food production capacity of the islands, interest free, up to EC $25,000.
In 2007, the St Kitts and Nevis Sugar Industry Diversification Foundation/Development Bank of Saint Kitts and Nevis Agricultural Fund was put together to encourage entrepreneurship among citizens and residents of the Federation.
The bank's General Manager, Lenworth Harris, said, "We anticipate that the fund would be used to assist in stimulating expansion of the economy and to put otherwise unemployed and underemployed persons in the agricultural sector to work, thus helping to improve the food production capacity of the Federation."
To date, the Development Bank has extended over 60 loans to different farmers across the Federation, on both islands, to the tune of $1,628,000.
Learn more at CaribbeanNetNews.com.
In 2007, the St Kitts and Nevis Sugar Industry Diversification Foundation/Development Bank of Saint Kitts and Nevis Agricultural Fund was put together to encourage entrepreneurship among citizens and residents of the Federation.
The bank's General Manager, Lenworth Harris, said, "We anticipate that the fund would be used to assist in stimulating expansion of the economy and to put otherwise unemployed and underemployed persons in the agricultural sector to work, thus helping to improve the food production capacity of the Federation."
To date, the Development Bank has extended over 60 loans to different farmers across the Federation, on both islands, to the tune of $1,628,000.
Learn more at CaribbeanNetNews.com.