Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PanAmerican BanCorp (PABN) -- Ignore unavailable to you. Want to Upgrade?

To: Currency who wrote (10685)	8/7/1998 10:50:00 AM
From: AF	Respond to of 43774

I wonder if any of this money will come our way? 02/08/98 Gov't provides NDFB $4M for productive small loans The National Development Foundation of Belize this week announced that it has received BZ$4 million which it has put into a revolving Small Credit Fund to assist micro, small and medium size enterprises with development loans. The revolving fund is being financed by the Government of Belize under the Republic of China's (Taiwan) development initiative which extends to all the countries of Central America. Later the NDFB expects to benefit even more when the bulk of the Taiwan funds - $20 million, comes on stream. An announcement from the NDFB this week states: "The GOB revolving Small Credit Fund will not only meaningfully affect employment, but will also save, expand and create business activities. The Fund will also affect in a meaningful way home improvement and small sector housing as well as educational pursuits from ABC to UCB and other special pursuits for improved social well-being. NDFB will administer the funds on behalf of the Government of Belize for a fee. NDFB's responsibility in the matter will be to make sure that all requests for loans show evidence of viability and ability to repay the loan and have adequate collateral. The other criteria is that the development loans contribute to national development and social well being. Mr. Manuel Cuellar, managing director of NDFB, has called the collaboration between the foundation and the Government of Belize "monumentally historical by any measurable standard. The collaboration wisely combines appropriate institutional resources with adequate public financial investment to create and sustain high levels of employment to meaningfully strengthen the economy". "The collaboration especially demonstrates the highest display of respect and confidence by GOB for a private, non-government institution, such as the NDFB placing the national good above all other interests", Cuellar said.