| Date: | 2019- |
| Web: | Official website of the programme |
| Description: | Program focused on the promotion of small and micro enterprises, seeking to create financing opportunities for the ideas of young entrepreneurs who lack or do not have access to funds from traditional financial institutions. PRYME will contribute to youth empowerment, poverty alleviation, empowerment of entrepreneurship and the creation of new companies. |
Characteristics
| Target population: | Potential and existing micro and small business owners between 18 and 40 years old. |
| Area of intervention: | 1) Support for independent work |
| Geographic scale: | National |
| Targeting method: | Categorical: people who lack or do not have financial support are selected |
| Comments: | Due to the effects of the Covid-19 pandemic and as part of the Economic Stimulus Package, the program obtained additional financing to face the crisis left by the coronavirus. |
Institutionality
| Legal framework: | |
| Responsible organization(s): | Centre for Enterprise Development (CED) |
| Executing organization(s): | Centre for Enterprise Development (CED) |
| Source of funding: | Central Government of Saint Vincent and the Grenadines. |
1) PRYME
| Recipient(s): | Young people between 18 and 40 years old |
| Recipient of the transfer: | Direct participant |
| Comments: | The entire amount is not delivered directly, but also through species, such as materials or technological equipment. |
| Description: | Delivery of financial support to subsidize young business owners. |
| Amount : | From XCD $ 2,500 to XCD $ 40,000. |
2) PRYME PLUS
| Recipient(s): | People over 40 years. |
| Recipient of the transfer: | Direct participant |
| Comments: | The entire amount is not delivered directly, but also through species, such as materials or technological equipment. |
| Description: | Delivery of financial support to subsidize business owners who are over 40 years of age. |
| Amount : | From XCD $ 2,500 to XCD $ 40,000. |
