Project Name：Nevis Small Enterprises Re-Lending Project

Project status：Completed projects

Cooperating Country：St. Christopher (St. Kitts) and Nevis

Project Description：

In order to assist the Nevis Island Administration (NIA) to promote the development of the small enterprise sector, the TaiwanICDF cooperated 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 therefore was used to support the re-lending operation and strengthen the capacity of the Small Enterprise Development Unit (SEDU).

Implementation Start Date：2019-12-30

Implementation End Date：2024-12-29

Project Objectives：

This project helped Nevis Island Administration (NIA) encourage women and young people to participate in formal economic activities as well as assist them to obtain financial services.

Executing Agency：

Ministry of Finance, Nevis Island Administration

Implementation Arrangement：

This project comprised the two following components: (1) Component A: the proceeds of the TaiwanICDF loan was re-lent to small enterprises in Nevis Island. The NIA engaged 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 was allocated to enhancing the capacity and the operational efficiency of Small Enterprise Development Unit (SEDU).

Signing Date：2019-12-30