TEF discusses Enterprise Development Fund with Financial Services Providers
Bank of Saint Lucia and Savings Bank Foundation for International Cooperation were two of the institutions with whom Tourism Enhancement Fund Program Manager met this week to discuss the SLHTA’s Enterprise Development Fund. The Enterprise Development Fund is a project initiative of the SLHTA seeking to make available to established local entrepreneurs, small loans at reduced interest rates which will enable them to expand their production and service offerings. The focus is currently on supporting existing enterprises which have already been in operation but seeking a financial injection to better penetrate the tourism and hospitality sector. The project was presented at this year’s Annual General Meeting of members as a new initiative seeking to build on the organization’s sterling linkages program.