BTFL Loan Distribution Statistics as of July 15th, 2020
Saturday, July 18th, 2020
THE (BARBADOS) TRUST FUND LTD.
Loan Disbursements Statistics
The initiative of the Barbados government to create seed funding for small businesses in this country has been accepted quite enthusiastically by the Barbadian public. The demand has been such that the (Barbados) Trust Fund Limited was able to provide three thousand and eight (3008) entrepreneurial loans to businesses across the various sectors. Total value of those loans disbursed was $13,681,442.46. Forty-eight Percent (48%) of those loans were distributed to males and Fifty-two percent (52%) were issued to females.
Included in the assistance offered by the BTFL were some persons affected by retrenchment and some of those in the disable and differently abled communities.
Loans to the Agriculture Sector were 350, valued at $1,652,316.99
Loans to the Cultural & Creative Industries were 144, valued at $652,823.39
Loans to the Manufacturing Sector were 283, valued at $1,262,001.46
Loans to the Retail Sector were 896, valued at $3,948,498.37
Loans to the Services Sector were 1308, valued at $6,035,798.62
Loans to the Tourism Sector were 27, valued at $130,003.63
The BTFL also provided training for 1300 persons who would have accessed funds. This training would have involved 10 contact hours for each participant in business modules covering:
- Introduction to Management
- Financial Literacy
- Customer Service Excellence
- Marketing & Promotion