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Two major poverty alleviation project by government, including a low interest,Baltimore Orioles Ubaldo Jimenez Jersey, no collateral loan facility for single parents,Chicago Cubs Travis Wood Jersey, are seeing the backing of the Private Sector Commission (PSC).On Thursday,Toronto Blue Jays Roy Halladay Jersey, the Commission noted the Women of Worth project and the Government of Guyana/Inter American Development Bank (IDB) Second Low Income Settlement Programme as being projectsproviding substantial relief to hundreds of persons who fall under the low income category and under normal lending circumstances, may not qualify for loans.Under the Women of Worth (WOW) initiative, the government, in collaboration with the Guyana Bank for Trade and Industry (GBTI), has set aside $500M to assist single female parents who are unemployed and those who are earning very little income to sustain themselves,New York Mets Yoenis Cespedes Jersey, and dependable ones,Los Angeles Dodgers Sandy Koufax Jersey, to obtain micro-loans for entrepreneurship. The loans are provided at a concessionary interest cost of six per cent.“We urge all female Guyanese who are qualified,San Francisco Giants Brandon Belt Jersey, to take full advantage of this initiative. The first part of the GOG/IDB Settlement Programme is geared to assist persons whose incomes are less than $60,San Francisco Giants Bruce Bochy Jersey,000 per month.”The programme involves building homes for low income persons who qualify at full cost to the government. The programme is being implemented at three housing areas in Guyana,New York Mets Lucas Duda Jersey, including Westminster Phase 1 in Region Three, Area B Lusignan and Block EE Non-Pariel, both in Region Four and will assist those low income persons who have been granted house lots in those areas, PSC said.The second part of the programme,New York Mets Neil Walker Jersey, which is not yet on stream, will see low income persons being awarded a grant of $200,000 for construction works. It is expected that this initiative will primarily benefit persons living in Sophia.The PSC, in lauding the initiatives, urges all eligible Guyanese to participate in the programs which are geared to enhance the lives of the least privileged. |
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