CIDB loans for public servants and small businesses

(CNS Business): The Cayman Islands Development Bank (CIDB) has introduced two loan programmes, one designed for small- and medium-sized enterprises (SMEs) with proven track records for at least two years, and the other for public sector workers who want to consolidate their high-interest rate debt. Wayne Panton, the minister responsible for financial services and commerce, said the bank was now in a position to lend and fuel development due to government’s support for the bank in addressing the bad loans and poor decision-making of the past.

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