NEDCO’s new partnership with UTC

August 23rd, 2024    |   Related To: Private: National Entrepreneurship Development Company (NEDCO)    |   Related To: Trinidad and Tobago Unit Trust Corporation (UTC)

The National Entrepreneurship Development Company (NEDCO) is excited to reveal its new partnership with the Unit Trust Corporation (UTC)

The National Entrepreneurship Development Company (NEDCO) is excited to reveal its new partnership with the Unit Trust Corporation (UTC) as investment collaborators. Formalized through a Memorandum of Understanding (MOU), this initiative aims to provide investment opportunities to small and micro enterprises. Additionally, the partnership paves the way for NEDCO to introduce its new Vision 50/50 MSE loan.

The NEDCO VISION 50/50 MSE Loan allows businesses to invest $25,000.00 and use an additional $25,000.00 as collateral, creating a solid financial base for growth. This loan is available to entrepreneurs aged 18 to 65 who have been in business for at least six months. It can be used for:

· Purchasing inventory and equipment
· Increasing working capital
· Upgrading to digital technology
· Enhancing physical infrastructure
· Restructuring business operations

This programme not only helps businesses build valuable collateral but also offers investment and interest income benefits. By partnering with UTC, NEDCO ensures that the collateral funds are managed securely, promoting both financial stability and entrepreneurial growth.

For more details on the NEDCO VISION 50/50 MSE Loan please call 821-5800 ext. 2090 or email [email protected].