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April 20, 2005
Small Business Loan Launched Today By United Nations
Small to medium size businesses are being encouraged by the United Nations Development Programme to protect biodiversity and lessen the impact of poverty in the world.
Loan investments of $30,000 to $500,000 are available to small to medium size companies over the next eighteen months as a pilot and will provide professional assistance in helping to build enterprises. The initiative is called Equator Ventures.
Funds from the United Nations Development programmes will be distributed by Equator Ventures who as administrators will distribute the funds to various organisations including: UN Agricultural and Industrializing agencies, The world Bank, Government of Japan, The Critical Ecosystem Partnership Fund and other organisations.
The small business loan or grant programme is designed to spearhead entrepreneurship that was recommended in a recent report commissioned by the agency called "Unleashing entrepreneurship: Making Business Work For The Poor"
Olav Kjoren, Director of The United Nations Development Program said, "The funds provide critical niche finance by filling a major gap in sustainable development finance that exceeds small grant funding (microfinance) and project finance.
David
Small Business Resource 20.04.05
Posted by David at April 20, 2005 2:51 PM
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