You are here
$2m in Nedco loans for Penal
The National Entrepreneurship Development Company Ltd (Nedco) plans to lend $2 million to more than 100 small businessmen in Penal over the next six months. CEO Ramlochan Ragoonanan said the southern town has shown potential for growth and the agency is eager to make entrepreneurs out of as many young people as possible.
He said Nedco loans will be available to vendors, food caterers and small manufacturers. “We want to encourage people to start their own business. Loans would be from $1,000 to $500,000. We are also granting loans to taxi and maxi taxi owners, people in the Carnival industry and Cepep contractors.” Nedco recently opened its tenth branch at Bhupsingh Street, Penal.
User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff. Guardian Media Limited accepts no liability and will not be held accountable for user comments.
Please help us keep out site clean from inappropriate comments by using the flag option.
Guardian Media Limited reserves the right to remove, to edit or to censor any comments. Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.