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Q: Third World Entrepeneurs ( Answered 5 out of 5 stars,   2 Comments )
Question  
Subject: Third World Entrepeneurs
Category: Business and Money
Asked by: smokeymischief-ga
List Price: $10.00
Posted: 22 Sep 2003 05:54 PDT
Expires: 22 Oct 2003 05:54 PDT
Question ID: 259027
What kind of money is available for third world entrepeneurs,
specifically in Georgetown, Guyana?  Are there NGO's, organizations or
institutions that give out grants, micro-loans or other forms of
investment to small businesses?  I am trying to help a friend
establish some capital to get his small computer business off the
ground.
Answer  
Subject: Re: Third World Entrepeneurs
Answered By: politicalguru-ga on 22 Oct 2003 05:14 PDT
Rated:5 out of 5 stars
 
Dear Smokey Mischief, 

There are several organisations that grant or loan money to Third
World entrepreneurs. Let’s start with a long list, available from the
Directory of Developmental Organisation, that contains organisations
that assist with funds to small businesses in Guyana in particular <
http://www.devdir.org/files/Guyana.PDF>.

Another source could be: 
“Institute of Private Enterprise Development (IPED), Guyana - IPED
promotes the development and growth of micro and small businesses. All
clients must save in an emergency fund. Managerial and technical
training is mandatory for all clients.
Lot 254 South Rd., Bourda 
Georgetown 
Guyana 
Ph:(592)2-64675 
Fx:(592)2-64675 

If your friend is between 18 and 30, s/he could participate in their
“Guyana Youth Business Trust”
http://www.youth-business.org/YBI/Homepage/0,2289,World-401-11-0-0-0-0,00.html

The Empretec Guyana Center provides all sorts of assistance to
entrepreneurs and small business owners: http://www.empretec.org.gy/

International Guarantee Fund (IGF)< http://www.fig-igf.org> “assists
small entrepreneurs in the Third World to become independent of
subsidies and aid by helping them create their own income. In this
way, organizations of entrepreneurs in precarious financial situations
have shown that they can be cost effective. “ (From their Web Site).

The Central American Bank for Economic Integration <
http://www.bcie.org/cabei/2cntnrnegomain.htm> loans funds for small
businesses.

Calvert Social Investment Foundation <
http://www.calvertfoundation.org/ > “has Investment, Research and
Donation products that support community development organizations,
across the country and around the world.”

UP Micro Loans < http://www.up-micro-loans.org/> assists businesses in
several Third World countries. Guyana is not mentioned as a main
recipient, but they write that they help “in other countries” as well.

The site Alternative Finance has a long list of bodies involved in
microfinance and other Third World or poor business initiatives <
http://www.alternative-finance.org.uk/en/links.html>

George Soros’ Funds for small businesses are available here:
http://www.soros.org/

I hoe that answered your  question. I used the following search terms:

Guyana "small businesses" 
Guyana "entrepreneur" 
Guyana "entrepreneurship" 
Guyana "micro finance" 
Guyana microfinance 

Please contact me with any clarification before you tip/rate the
answer.
smokeymischief-ga rated this answer:5 out of 5 stars and gave an additional tip of: $1.00
Excellent answer, thank you for your work.

Comments  
Subject: Re: Third World Entrepeneurs
From: hlabadie-ga on 04 Oct 2003 11:40 PDT
 
I believe that George Soros and his foundation do this sort of work.

hlabadie-ga
Subject: Re: Third World Entrepeneurs
From: politicalguru-ga on 24 Oct 2003 05:13 PDT
 
Smokey Mischief, 

Thank you for the rating and the tip, and good luck to your friend!!!

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