United Nations              
Non-contributory Social Protection Programmes Database
Latin America and the Caribbean
Promoting Youth Micro Enterprises (PRYME) (2019-)

 

 

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.

 

 

 

Cooperation with:


 
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