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Access to Funds for Small Business Entities
(last modified: 08/04/2021)
(last modified: 08/04/2021)
Costs( see details ) |
Timeframe ( see details ) |
Waiting time until next step |
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Free of charge
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Contact details
Expected results
Receipt Issued upon repayment of loan
Requirements
1.
Requirements_Information (original)
Cost Free
There is no fee charge to applicants
Time frame
Once an application is submitted for a credit scheme the application is received by the Coordinator of the TNCW and is reviewed by the Executive Council and the eight island community representatives. Once reviewed then a collective decision is made on approval or not which will be relayed to the applicant. The Executive Council meets twice a month.
Waiting time in queue:
min 10mn
- max 20mn
Attention at counter:
min 5mn
- max 15mn
Waiting time until next step:
min 10 days
- max 15 days
Additional information
The Tuvalu National Council of Woman offers trainings in accounting entrepreneurship, sewing, handicrafts and access to credit. This initiative was initiated in 2001 allowing only women who actively participated in island community’s activities and as members as well to loan. The scheme went on well from the beginning and unfortunately women gradually failed to pay up their loans. Thus at the moment the credit scheme is still on hold until further notice,
Background Information
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