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St.Vincent and the Grenadines
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St.Vincent and the Grenadines

Department: Lending and Investment
Project Name: Microcredit Project—Phase II (St. Vincent and the Grenadines)
Project Description: The TaiwanICDF cooperated with the National Development Foundation of St. Vincent and the Grenadines Ltd. (NDFSVG) again to implement the second phase of the Microcredit Project in St. Vincent and the Grenadines, to assist local micro-, small- and medium-sized enterprises (MSMEs) to obtain credit.


Project Objectives: To generate income and employment of the local population.
Executing Agency: National Development Foundation of St. Vincent and the Grenadines Ltd.
Implementation Arrangement: The NDFSVG acted as the executive institution, channelling the loan proceeds in Eastern Caribbean dollars (EC$) to finance activities in the private sector and provide credits to MSMEs. Terms and conditions of credits extended to end-borrowers follow the existing guidelines of the NDFSVG’s policy and strategy. End-borrowers were required to contribute at least 10% of the proposed amount as they would only be financed for up to 90% of their total costs.
Signing Date: 2009/9/9
Status: Completed projects
Sector: Economic Infrastructure and Services
Sector Item: Banking and Financial Services
Borrower: National Development Foundation of St. Vincent and the Grenadines Ltd.
Cooperating Country: Caribbean, St.Vincent and the Grenadines
Project status: Completed projects
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  • Date:2011/3/25
  • Date Updated:2017/9/30