Thousands of Guyanese small business owners will have access to zero-interest and collateral loans through the Guyana Development Bank, with the government set to inject US$100 million to kickstart the programme.
Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh, made this and other announcements as part of measures outlined in the $1.558 trillion 2026 National Budget.
The development bank will offer loans up to $3 million at zero interest and without collateral.
The initiative is intended to remove long-standing barriers that have locked thousands of entrepreneurs, particularly young people, out of the financial system.
Beyond the initial $3 million zero-interest facility, the government has already secured agreements with commercial banks to leverage those funds, allowing small business owners to an additional $7 million in financing, at subsidised interest rates as low as 3.5 per cent.
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