P3/Strat. No.19: Micro-Finance Loans to Households to Diversify into Small and Micro Enterprise and Cottage Industries.

P3/St.No.19

Wave

Objective

Intervention

Target Audience

Guidelines and Criteria 

Implementing Agency

Estimated Cost

Overall Beneficiary

To provide poor and non-poor households with micro-finance credit to diversify into Small and Micro and Cottage businesses.

To supply poor and displaced households with micro credit to diversify into Small and Micro Enterprises and Cottage Businesses.

All poor households and persons who have been displaced as a result of COVID-19.

Poor households will be eligible using the Saint Lucia National Eligibility Test (SL-NET)
Persons applying for non-poor micro-credit pathway will have to prove that they were laid off;
Business development training will be provided to all applicants.

Ministry of Equity, Social Justice, Empowerment and Local Government

$500,000

Displaced Households

Status Update

On-Going

[September 30, 2020]

 

The current initiatives to stimulate the economy are on-going. The private sector businesses have displayed immense interest in what is being offered and have taken every opportunity to work with the respective implementing agencies.