Barbadians are being warned against engaging with anyone on social media pretending to be representing the Ministry of Small Business, Entrepreneurship and Commerce.
This caution has come from the Minster of Entrepreneurship Dwight Sutherland who suggested that is almost ready to offer the Trust Loan Fund to the public.
“As minister responsible for entrepreneurship, I give you the assurance that my Ministry will continue to roll out innovative business solutions to continue to address the perennial challenges faced by the entrepreneurial class in Barbados.
“In this regard and by way of update let me advise that the infrastructural planning to roll out the much anticipated Trust Loan Fund… is at an advanced stage and every effort is being made to give clarity and transparency to the process,”Sutherland said.
He made these comments on Wednesday at Bagnall Point Pelican Village when he addressed the opening of the Barbados Manufacturers Association’s (BMA) A Guide to Costing Workshop.
“This must be said, being mindful of the fact that there are already persons purporting online to be facilitators of this loan facility. Let me categorically state that my Ministry is solely responsible for this loan facility and has not given permission to anyone to act on its behalf.
“The general public is therefore warned against being duped by such persons whose intention is to get you to expend personal funds to access this loan facility,”Sutherland added.
The Trust Loan was one of the promises made by the Barbados Labour Party (BLP) during the last General election.
The loan facility will provide unsecured loans at a very minimal interest rate and amounts of up to $5000 will be loaned to persons in the first instance and upon repayment will facilitate access to another $10,000.00. (TG)