The Eastern Caribbean Green Entrepreneurship Initiative (EC Greenpreneurs) is proud to announce the second call for applications for its Accelerator Interest-Free Loans, which offers up to US $50,000 to catalyse innovative green businesses that showcase Caribbean solutions to Caribbean problems on a national, regional and global scale. Apply now and join the movement towards a more sustainable future! Deadline for Applications is Thursday, June 8th, 2023 at 11:59 PM.
The Eastern Caribbean Greenpreneurs Accelerator Interest-Free Loan is designed to support green entrepreneurs by offering funding (USD 10,000 to USD 50,000 in the form of interest- free loans) and investor matching support. Under this programme, businesses only repay the original amount borrowed and are not required to provide collateral to qualify.
A green business is considered to be any business that is supporting the achievement of environmental/social goals in the country through the services and products they offer, while generating wealth. These include: selling products that offset or reduce imports; selling sustainable/renewable energy or energy efficiency products, services, or equipment; farms or food production businesses that use organic or regenerative agriculture techniques; businesses that reduce energy use or use renewable energy, reduce water use, reduce waste (such as recycling businesses or those that source re-used or local materials), or protect or conserve natural landscapes, address social issues (support vulnerable populations like youth, women, persons with disabilities, reduce inequality/poverty etc.), or increase resilience to climate change (storm-resistant buildings and infrastructure, increased ability recover from storms/flooding, etc).
The interest-free loan may be used to cover the operation and/or capital expenses of your high-growth green business. The disbursed funds may also serve as junior to other investments/loans thus acting as a first-loss buffer to leverage additional investments from private sector investors, development finance institutions and domestic financial institutions.
Interested green entrepreneurs should visit the website caribbeangreenpreneurs.comhttp://caribbeangreenpreneurs.com for more information and to apply.