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ENTREPRENEURIAL DEVELOPMENT PROJECT IN BELIZE


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BELTRAIDE has collaborated with the Centre for the Promotion of Micro and Small Enterprises (CENPROYMPE) and the Embassy of Taiwan (China) in executing a project in Belize namely, “Integral Development of Entrepreneurship for Central America and Dominican Republic”. The purpose of the project is to promote and strengthen entrepreneurship in Belize by generating, accelerating and strengthening emerging businesses in the segment of micro, small and medium enterprises. In 2013, seventeen entrepreneurs benefited from the program and have accessed seed capital for the growth of their businesses in terms of purchasing raw material, machinery and promotional material. The program is geared towards empowering entrepreneurs and boosting their operation for development and success.  

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Workshops have started yesterday April 14, 2014,  with a platform to assist with capacity building and the molding of their business plan. This is done in an effort to access seed capital to fund their business.

For more information, please feel free to contact us:

Belize Trade and Investment Development Service (BELTRAIDE)

14 Orchid Garden St., City of Belmopan, Cayo District, Belize

Email: beltraide@belizeinvest.org.bz

publicrelations@belizeinvest.org.bz

Facebook: www.facebook.com/beltraide

 

SBDCBelize- Its Here, Its Real, and Its Opened to the General Public!


Do you have the idea of starting  your own business? Or are you an established business that simply needs ideas on how you can improve?

At approximately 8:00a.m., this Thursday morning, all the buzzing stopped and the work began, when Belize’s First Small Business Development Center(SBDCBelize) opened to serve the general public.

The center will administer customized needs- based services to Micro, Small and Medium Enterprises, in order to facilitate their competitiveness and export readiness.

SBDCBelize will provide advisory services and training on:

  • How to start a business
  • How to develop a business plan
  • Getting access to finances, and managing finances effectively
  • Engaging in marketing and sales
  • Managing human resources

Visit SBDCBelize Today, we are located in Belize City, at the University of Belize Campus,  Faculty of Business Studies, West Landivar. Don’t have the time to stop by, then give us a call, at 223-3195, or send us an email: sbdc@belizeinvest.org.bz

SBDCBelize: Making Small Business Happen

ATLANTIC BANK FACILITATING INVESTMENT THROUGH FINANCING OPPORTUNITIES


(Story featured in The Reporter Newspaper)

Atlantic Bank in Belize City has announced that through financial collaboration with the IFC  and the Canadian International Development Agency, the bank will  have more than $15 million for onlending to small and medium development enterprises in Belize.

This new infusion of cash represents a 40 percent increase in A.B’s SME portfolio over the next five years.

Announcing the good news this week Atlantic’s General Manager in Belize, Mrs. Sandra Bedran said:“We welcome IFC as a partner in our effort to create a sustainable and prosperous business environment for our SMEs, and look forward to helping the country diversify and increase economic activity where it is most needed.”

IFC, a member of the World Bank Group, is the largest global development institution focused on the private sector in developing countries. IFC creates opportunity for people to escape poverty and improve their lives by providing financing to help businesses employ more people and supply essential services, by mobilizing capital from others, and through the delivery of advisory services to ensure sustainable development.

In a time of global economic uncertainty, IFC’s new investments climbed to a record $19 billion in fiscal 2011.

Atlantic Bank is Belize’s third largest bank in terms of assets and loans disbursed. The bank has 15 locations across the country and works with individuals, small businesses, and corporations, offering a wide range of banking products and services including credit cards, online banking, savings and deposits, payroll  and merchant services.

Atlantic Bank Ltd, established more than 40 years ago, is a 55-percent owned subsidiary of Sociedad Nacional de Inversiones, S.A. of Honduran.

Atlantic Bank has not indicated what rate structures it will put in place for its development loans.

It is anticipated it may have to compete with credit unions which now offer personalized loans at the rate of one percent a month on the remaining balance.

 

VISIT THE REPORTER NEWSPAPER OFFICIAL WEBSITE FOR MORE INFORMATION.

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