WASHINGTON / GUYANA – IDB Invest will provide a loan of $5 million to the Institute of Private Enterprise Development (IPED) to expand access to finance for micro and small enterprises (MSEs) in Guyana.
The operation will help IPED diversify its funding sources and expand access to finance with a focus on women, youth, and rural entrepreneurs. The project is expected to contribute to job creation, financial health, and sustainable development in one of the world’s fastest-growing economies.
The financing consists of two equal tranches:
A loan from IDB Invest of $2.5 million;
- A loan of $2.5 million from the Japan International Cooperation Agency (JICA) Trust Fund Achieving Development of Latin America and the Caribbean (TADAC Fund), administered by IDB.
In addition, IDB Invest will support IPED in conducting a market study, refining its strategy for micro and small businesses, and enhancing its lending capabilities for sustainability projects.
Guyana’s economy is projected to grow by 14% annually over the next five years. In this context, microfinance institutions like IPED play a critical role in enabling micro and small enterprises to participate in emerging supply chains and benefit from the country’s economic transformation.
IPED is Guyana’s leading non-bank financial institution, with a strong presence in rural areas and a proven track record of supporting entrepreneurs through credit, training, and advisory services.
This transaction reflects IDB Invest’s commitment to sustainable private sector development in Guyana and the Caribbean.
