Over 300 hundred nationals have Capitalised on the recently launched FRESH START Programme which is facilitated by Development Bank of St. Kitts and Nevis and funded as a result of a partnership between the SKN Team UNITY Government and the Government of the Bolivarian Republic of Venezuela.
During his monthly Press Conference St.Kitts-Nevis Prime Minister and Minister responsible for Finance, Hon. Dr. Timothy Harris said that the support for the programme so far has been overwhelming.
“I am pleased to report that so far, over 300 persons have applied for this easy business loan,” Dr. Harris reported.
“EC$1.5 million has already been disbursed. Another 58 have successfully been interviewed for loan financing totalling $6.9 million and a further 217 applications are awaiting the final determination,” he added.
Just last week, the Development Bank’s General Manager, Lenworth Harris, gave an update on the application process and encouraged budding entrepreneurs to take advantage of the programme which is worth EC$13 million.
He said, “Whatever business idea that you have, the door is now open and people are rushing through the door and we in Number Seven and throughout the country, but I’m here specifically, need to make the most of this opportunity.”
As part of the Fresh Start Programme, local entrepreneur and small to medium sized businesses are given the opportunity to access loans to capitalize on their ideas and or further develop their businesses .