The Eastern Caribbean Central Bank announced that the Eastern Caribbean Partial Credit Guarantee Corporation is offering a new loan guarantee product, “MSME Growth”, to expand access to finance for micro-entrepreneurs in the Eastern Caribbean Currency Union who may not qualify under the ECPCGC’s main programme. The guarantee supports loans of up to XCD 50,000, with no collateral or equity required, and provides an additional XCD 1,500 allowance for bookkeeping services. Eligibility is aimed at small businesses that have operated for more than one year and have fewer than 50 employees. The ECPCGC works through financial institutions in six ECCB member countries: Antigua and Barbuda, Grenada, the Commonwealth of Dominica, Saint Christopher (St Kitts) and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.
Eastern Caribbean Central Bank 2025-01-23
Eastern Caribbean Central Bank’s ECPCGC launches MSME Growth loan guarantee for micro-entrepreneurs up to XCD 50,000
The Eastern Caribbean Central Bank announced the Eastern Caribbean Partial Credit Guarantee Corporation's "MSME Growth" loan guarantee to enhance financing for micro-entrepreneurs in the Eastern Caribbean Currency Union. It supports loans up to XCD 50,000 without collateral and includes an XCD 1,500 allowance for bookkeeping. It targets small businesses with over one year of operation and fewer than 50 employees across six ECCB member countries.