The Government of Montserrat, through the Ministry of Finance and Economic Management, in partnership with the Bank of Montserrat (BoM), officially launched the Montserrat Business Progressive Fund (MBPF) on Thursday.
The MBPF is a transformative EC$2 million soft loan programme designed to stimulate economic growth, enhance food security, and empower local entrepreneurs.
This Fund provides accessible and affordable financing to registered farmers, fishers, agro-processors, and micro and small businesses.
With an interest rate of just 2.5% simple interest per annum and repayment terms of up to eight years, the programme removes traditional barriers to capital access and enables productive investment in key economic sectors.
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