Businesses get financing ease
Close to 400 businesses associated with the Barbados Trust Fund Limited programme had their loans restructured.
Business development manager, Kirk Dottin, said that was necessary as the COVID-19 pandemic affected some of the entrepreneurs’ abilities to repay and led to the closure of some businesses.
“Through the proactive nature of the agency, we did a survey and tried to contact every client after the situation. Some businesses closed, and we put in place a restructuring and financing programme for persons in the portfolio who experienced a downfall and lapsed in payments.
“We would have taken off the arrears and gave them a fresh start with fresh repayments,” Dottin said.
He made these comments yesterday at the Trust Fund’s Customer Appreciation day activities, where they rewarded 15 of their clients. (TG)
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