Unite BVI Launches 2024 KickStart BVI Small Business Loan Programme

Unite BVI has officially launched the 2024 KickStart BVI Small Business Loan Programme, an initiative aimed at bolstering the British Virgin Islands’ economic growth by supporting local entrepreneurs with financial aid and resources.

This year’s programme continues its commitment to fostering social impact businesses that contribute positively to the community or environment.

The KickStart BVI programme offers zero-interest loans of up to $5,000 with a two-year repayment period. In addition to the financial boost, participants will receive free training, mentorship, and access to networking opportunities. Notably, no down payment or collateral is required, making the loan accessible to a broad range of small businesses across the territory.

Since its inception six years ago in partnership with VP Bank, KickStart BVI has grown to include collaborations with HIRE BVI, IGNITE, and the Branson Centre of Entrepreneurship Jamaica. These partnerships provide crucial training and development resources to the programme’s participants. Unite BVI is also working alongside the Ministry of Financial Services, Labour, and Trade to deliver comprehensive mentorship and business development support.

To qualify, interested entrepreneurs must complete an initial assessment survey available online. The deadline for submissions is September 13, 2024. Successful applicants will then be invited to submit a detailed business plan and financial forecast.

Kim Takeuchi, Foundation Manager at Unite BVI, highlighted the programme’s focus on social impact enterprises, emphasizing the long-term benefits to the BVI community and environment. “The KickStart BVI programme is about more than just financial support; it’s about fostering a vibrant entrepreneurial culture that drives social, environmental, and economic change,” said Takeuchi.