7 News Belize

The Powerhouse Combo Coalesces
posted (December 4, 2014)
Small Business Development - it has been one of BELTRAIDE's flagship projects - and now they are partnering with the La Immaculada Credit Union to carry the programme further.

These small scale businesses are one of the major drivers of economic development and the new pairing of strategy from BETRAIDE and finance from La Immaculda is described as a powerhouse:..

Melanie Gideon, BELTRAIDE
"There is a reason we ae partnering with the credit union, you are good at what you do - lending. We are good at what we do - capacitating, put two of us together, we are a powerhouse."

Yolanda Gomez, General Manager - La Immaculada Credit Union
"They have the expertise in training, in capacitating individuals and we have the expertise in providing finance. When we married both initiatives together, you can't go wrong. So success is really our aim here whereby we can empower individuals to become better, to be successful in whatever initiative they undertake."

Melanie Gideon, BELTRAIDE
"It's a natural match where their clients who happen to be enterprises or potential entrepreneurs have the means to access the services of SBDC to make them more viable and therefore reduce the risk of lending for the credit union."

La Immaculada has previously gotten funding for small scale enterprises from the BNE Trust and the European Union.

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