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Lending and Investment

Project Name: Nevis Small Enterprises Re-Lending Project
Project Description: In order to assist the Nevis Island Administration (NIA) to promote the development of the small enterprise sector, the TaiwanICDF cooperates with the NIA on providing micro-credits and technical assistance to small businesses and start-ups owned or operated by women and youth aged thirty-five and under.The TaiwanICDF’s loan to the NIA will therefore be used to support the re-lending operation and strengthen the capacity of the Small Enterprise Development Unit (SEDU).
Region: Caribbean
Implementation Start Date: 2019/12/30
Implementation End Date: 2024/12/29
Source of Funding: TaiwanICDF Fund
Project Objectives: This project will help the NIA encourage women and young people to participate in formal economic activities as well as assists them to obtain financial services.
Executing Agency: Ministry of Finance, Nevis Island Administration
Implementation Arrangement: This project comprises the two following components:
(1)Component A: the proceeds of the TaiwanICDF loan will be re-lent to small enterprises in Nevis Island. The NIA will engage financial institutions (IFIs) to provide services including credit check on loan applicants and administration of disbursement and repayment of Sub-loans.
(2)Component B: Part of the TaiwanICDF loan will be used to strengthen the capacity and enhance the operation of the SEDU.
Current Progress: Under implementation
Project Manager: Daphne Tien
Project Coordinator Name: Daphne Tien
Project Coordinator Phone: +886 2 28732323 x506
Project Coordinator E-mail: daphne_tien@icdf.org.tw
Signing Date: 2019/12/30
Status: Under Implementation
Sector: Economic Infrastructure and Services
Sector Item: Banking and Financial Services
Type of Assistance: Loan
Borrower: Nevis Island Administration
Lending Period: 15 years
Cooperating Country: Caribbean, St. Kitts and Nevis
Project status: Projects under implementation
  • Hits:949
  • Date:2019/12/30
  • Date Updated:2020/1/7