$1,000,000 Chinese Government grant for Small Business Development Fund of Grenada in 2005

$1M USD

Funder	China Ministry of Commerce
Recipient Organization	Government of Grenada
Country	Grenada
Start Date	Jan 01, 2005
End Date	Oct 21, 2033
Duration	10,520 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`54686`

Grant Description

According to internal records that the Government of Grenada shared with AidData in June 2018, the Chinese Government provided a $1,000,000 grant to the Government of Grenada in 2005 to support the Small Business Development Fund of Grenada.

The Small Business Development Fund is a program initiated by Grenada Development Bank to support small businesses, create job opportunities, and provide credit to unemployed people in rural communities.

📋 Staff Comments

1. The main source (see Dropbox link) was provided to AidData by a Ministry of Finance official in Grenada.

📚 Sources & References

SMALL BUSINESS DEVELOPMENT FUND
Grenada 2005 Budget Speech
FUNDING - PRC - 2005 -2017
Funding from the Government of China Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.