Wed | Dec 12, 2018

MIDA reports more than $140m distributed to microenterprises last financial year

Published:Tuesday | December 26, 2017 | 10:27 AM

​Micro Investment Development Agency (MIDA) distributed $143.58 million to microenterprises last financial year.

 A total of 1,396 microenterprises benefited.

The agency, in its 2016-17 annual report to Parliament, informed that the service sector received 87 per cent of the total loans granted or $122.17 million.

 MIDA, through a revolving fund, provides financing to assist new and existing MSMEs in agriculture, manufacturing and services, among other sectors.