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Government of the Republic of Trinidad and Tobago

NEDCO | National Entrepeneurship Development Company Limited
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Caribbean Industrial Research Institute (CARIRI)

The National Entrepreneurship Development Company Limited (NEDCO) and the Caribbean Industrial Research Institute (CARIRI) executed a Memorandum of Understanding (MOU) on February 8, 2021. The Parties will cooperate to provide Training, Business Advisory Services, Mentorship, Networking Opportunities and other support services for:

  1. Individuals enrolled in the CARIRI IDB Idea Advisory Service.
  2. NEDCO’s clients who may be eligible to participate in the CARIRI IDB Idea Advisory Service.
 
This collaboration provides an ideal platform for both parties to create synergy and offer a comprehensive suite of support services for clients.


International Labour Organization (ILO)

The International Labour Organization (ILO) and the National Entrepreneurship Development Company Limited signed a Memorandum of Understanding (MOU) on July 5th 2019. This collaboration allows NEDCO to offer an enhanced training package designed for entrepreneurs interested in starting, improving and expanding their businesses via the Start and Improve Your Business Programme (SIYB).

The SIYB programme was developed by the ILO in the early 1990s. The objective of the programme is to develop the potential small-scale entrepreneurs who wanted to start, improve and expand their businesses.

The SIYB programme is structured in four separate yet interlinked training packages;
  • Generate Your Business (GYB)
  • Start Your Business (SYB)
  • Improve Your Business (IYB) and
  • Expand Your Business (EYB)

Appointed on Wednesday 9th December 2019, the members include:

  • Mr. Clarry Benn – Chairman
  • Mr. Mahindra Ramesh Ramdeen – Deputy Chairman
  • Ms. Cassandra Tommy-Dabreo
  • Mr. Nigel Bhagwatsaran
  • Ms. Kathleen Thomas
  • Ms. Marjorie Agnes Moore-Carrington
  • Ms. Ria Ramdeen
  • Ms. Willa Guy Straker
  • Ms. Joann Felix
Clarry Benn
Clarry Benn

is chairman of the Board of Directors of NEDCO. His lifelong goal has been dedicated to developing the people of Trinidad and Tobago ...

Clarry Benn BIO

Dr. Mahindra Ramesh Ramdeen
Dr. Mahindra Ramesh Ramdeen

is currently the Chief Executive Officer at the Trinidad & Tobago Manufacturers' Association. He is also a Director at National Entrepreneurship...

Dr. Mahindra Ramesh Ramdeen BIO

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Loans

NEDCO’s Small Business Financing service is geared towards supporting micro, small and medium size enterprises in achieving their business’ goals. Our loan process assists clients to be financially capable and competitive, whilst ensuring their business operations are compliant with the requirements specific to their sector.

We provide financial services for a wide range of businesses with the exception of primary agriculture, gambling and the purchase of alcohol. Select either the Loan Application or Loan Discussion buttons to start the process of meeting your business’ financial needs and becoming a NEDCO client. Over the last twenty-two (22) years we have assisted thousands of entrepreneurs to establish, build and expand their businesses and we look forward to helping you do the same.

WHAT WOULD YOU LIKE TO DO?



CURRENT LOAN OFFERINGS

 



FREQUENTLY ASKED QUESTIONS

Success of your business depends primarily on your access to financial support. At NEDCO, our Business Relationship Officers will discuss the viability of your business to determine the most suitable financing options for your business needs

NEDCO offers financial support to most types of businesses except:
  • Primary agriculture: Crop cultivation, animal husbandry and fishing
  • Real estate development: Construction/Renovation of private/commercial dwellings for rental/resale
  • Gambling and related activities: Casino, Member’s club
  • Alcohol Retail: Bars

NEDCO offers loans UP TO $250,000 for first time borrowers and UP TO $500,000 for repeat borrowers.

* All loans are subject to normal lending criteria.

Our interest rate on all loans is 8%.

The maximum repayment period is:

  • General Loans - 5 years
  • Stock Loans - 3 years
  • Maxi Taxi Loans - 6 years

Yes. Businesses can receive up to three (3) months grace period. Your Business Relationship Officer will discuss with you during the application process.

NO. Loans can ONLY be granted to registered businesses to purchase stock, equipment, motor vehicles or conduct repairs/renovation towards a business venture. NEDCO will not consolidate debt from other financial institutions, statutory bodies or individuals.

Loan funds will be directed to the account of the supplier(s) of the goods / services based on the quotations and invoices you supply. However, exceptions are made for regional / international purchases. Your Business Relationship Officer will discuss options for disbursement of funds.

Loans and fees can be repaid via:

  • Cheques and debit cards ONLY at NEDCO offices
  • Online bank transfer
  • Bank deposits at any First Citizens Bank
  • Bill Express
  • Our website

No, there are no penalty fees for early repayment of NEDCO loans.

As the National Agency responsible for Micro and Small Enterprise Development, NEDCO offers a full suite of entrepreneurial support services. When you borrow from NEDCO you gain access to Entrepreneurial Development Training and Mentorship services tailored to YOUR specific needs.


Valued Customer,

Thank You for choosing NEDCO!

It is our pleasure to provide you with quality service at all times; thus your feedback is very important to us. The information garnered will help us better serve you and enable us to improve our standard of service.

We invite you to complete the feedback form respective to the service received.

 

 

More Articles …

  1. Branch Locator
  2. One Day Courses (2)
  3. One Day Courses
  4. Start and Improve Your Business (SIYB)

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NEDCO is a state enterprise in Trinidad and Tobago, tasked with developing the MSE sector through the provision of loans, business training & entrepreneurial support services.

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