| Date: | 2019- |
| Web: | Official website of the programme |
| Description: | Programme 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, entrepreneurship and the creation of new businesses. |
Characteristics
| Target population: | Potential and existing micro and small business owners between 18-40 years old and over 40 years old for PRYME-plus users. Also sectors or sub-sectors in areas focused on agricultural production or processing; light manufacturing; fisheries; services including beauticians (hairdressers or barbers); artisanal sector and any other business endorsed by the Steering Committee and approved by Cabinet. |
| 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 programme obtained additional funding to address 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 full amount is not given directly, but also in kind, such as materials or technological equipment. |
| Description: | Providing financial support to subsidise young business owners. |
| Amount : | From XCD $ 2,500 to XCD $ 40,000. |
2) PRYME PLUS
| Recipient(s): | People over 40 years of age. |
| Recipient of the transfer: | Direct participant |
| Comments: | The full amount is not given directly, but also in kind, such as materials or technological equipment. |
| Description: | Financial support to subsidise business owners who are over 40 years old. |
| Amount : | From XCD $ 2,500 to XCD $ 40,000. |
