CASTRIES, St. Lucia, CMC—The Eastern Caribbean Green Entrepreneurship Initiative has selected entrepreneurs in the Organisation of Eastern Caribbean States (OECS) to receive almost one million US dollars of interest-free loans.
It said that under the Initiative’s Accelerator Programme, these entrepreneurs were chosen from a competitive pool of applicants to receive funding and support to grow their respective green, sustainable enterprises.
The Initiative, delivered by the Global Green Growth Institute (GGGI) in partnership with the OECS with support from the Qatar Fund for Development (QFFD), is aimed at nurturing and empowering environmentally conscious businesses and fostering sustainable development across the region.
The regional programme was dedicated to facilitating the development, establishment, and expansion of innovative green enterprises in six OECS member states: Antigua and Barbuda, Dominica, Grenada, St. Kitts-Nevis, St. Lucia, and St. Vincent and the Grenadines.
The Accelerator Programme is designed to propel high-potential green enterprises during their growth phase. By providing access to interest-free loans of up to US$50,000, investment opportunities, and ongoing education, the program equips entrepreneurs to scale their businesses for maximum profitability and societal benefit.
“With each interest-free loan granted to green enterprises in the Eastern Caribbean, we’re not just investing in businesses; we’re investing in a greener, more sustainable future. Congratulations to all recipients; your dedication paves the way for innovation and environmental stewardship in our region,” said Daniel Muñoz-Smith, the GGGI Caribbean representative.
The three-year Eastern Caribbean Green Entrepreneurship Initiative ended last month, and the OECS Competitive Business Unit (CBU) will continue to engage stakeholders and share knowledge about the Initiative and other green entrepreneurship opportunities.
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