As part of the Eastern Caribbean Green Entrepreneurship Initiative, 27 individuals from across the Caribbean will receive interest-free loans.
Winners will be green entrepreneurs selected from a competitive pool of applicants to receive funding and support to grow their respective green and sustainable enterprises under the initiative’s accelerator program. I can.
Interest-free financing totals $863,403. The initiative, supported by Qatar Fund for Development (QFFD) and implemented by the Global Green Growth Institute (GGGI) in partnership with the Organization of Eastern Caribbean States (OECS), fosters green business and It aims to empower and promote sustainable development across the country. region.
This regional program is specifically designed to foster the development, establishment, and expansion of innovative green enterprises across six OECS member countries: Antigua and Barbuda, Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines. It has become
Three Dominican entrepreneurs received loans, 10 from St. Lucia, two from St. Vincent and the Grenadines, six from St. Kitts and Nevis, three from Grenada, and three from Antigua.
Daniel Muñoz-Smith, Global Green Growth Institute Caribbean Representative, congratulated the recipients: We are investing in a greener, more sustainable future. ”
Accelerator programs are designed to propel high-potential green companies through the growth stage. The program prepares entrepreneurs to scale their businesses to maximize profitability and social benefit by providing access to interest-free loans of up to USD 50,000, along with investment opportunities and continuing education. Arrange.
The three-year Eastern Caribbean Green Entrepreneurship Initiative ended on March 31, 2024.
