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Last year,Hirving Lozano Mexico Jersey, Institute of Private Enterprise and Development (IPED) processed and approved 4,814 applications for loans with a total value of $2.7B for micro, small and medium enterprises. This was revealed in the IPED 2012 Annual Report.Chairman Dr. Yesu Persaud said the average size of loans processed was $564,000. Approximately 1,Custom Chelsea Jersey,000 of these loans were for $100,000 and less.IPED’s Chairman Dr. Yesu Persaud said the Institute started out with the intent of “helping people to help themselves, by providing loans and technical assistance to entrepreneurs to help them establish and grow their small and micro enterprises.”Back then,Wilfried Bony Jersey, he said, it was important not only to provide finance,Jetro Willems Jersey, but it was necessary to rejuvenate the spirit of entrepreneurship amongst people as they were emerging out of an era of state-controlled enterprises and the failed experimentation with co-operative socialism.This is compared to 5,002 applications processed with a value of $2.4B in 2011 with an average loan size of $479,000. Of the applications processed in 2012,Willian Brazil Jersey, a total of 677 were for first time borrowers.He noted that the number of enterprises that had outstanding credit facilities at the end of 2012 was approximately 3,888 compared to 3,931 in 2011.It is estimated that the enterprises benefiting from services provided employment for approximately 9,Chicharito Mexico Jersey,700 persons, including the owners,Jeremain Lens Netherlands Jersey, based on data supplied by clients.