Zero-Interest Bank to Support Young Entrepreneurs
According to David Fernandes, Managing Director of Bounty Farm Ltd., the government's plan to establish a zero-interest development bank will give young entrepreneurs a "real chance of succeeding".
The fact that the government is speaking about the development bank for small entrepreneurs at 0 per cent interest gives them a real chance of succeeding.
Fernandes emphasized the challenges of high interest rates, stating that rates of 15-20% make it difficult for small entrepreneurs to compete and reap benefits while paying the bank.
- Zero-interest development bank to support young entrepreneurs
- Government initiative to provide opportunities for small entrepreneurs
- High interest rates hinder small entrepreneurs' success
Fernandes urged young Guyanese to seize the opportunity and build strong financial reputations from the start.
Author's summary: Zero-interest bank supports young entrepreneurs.
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