Beautiful Virgin Islands

Tuesday, Jun 24, 2025

Unite BVI offering zero-interest loans to businesses and start-ups

Unite BVI offering zero-interest loans to businesses and start-ups

Residents of the British Virgin Islands can now apply for loans with no interest, no down payment, or collateral from the Unite BVI Foundation - an entrepreneurial foundation funded by the Virgin Group and the family of British billionaire, Sir Richard Branson.

Persons will be able to get loans of up to $5,000 under the organisation’s ‘Kickstart Loan’ category and up to $25,000 under their ‘Impact Loans’ programme.

Commenting on the initiative via a media release on Wednesday, September 9, Manager of the Unite BVI Foundation Kim Takeuchi said the ongoing COVID-19 pandemic has escalated the need to inspire and empower local entrepreneurship in the face of the increased economic challenges being experienced locally.

“Small island nations such as the BVI must find a way to create new jobs in emerging markets so as to diversify their economies, making them less reliant on vulnerable industries,” she stated.

The media release said the deadline to apply is October 19.

Loan is to expand existing businesses


The release said the loan is to expand existing businesses or to start a business that would have a positive impact on the environment or on the community.

It continued: “The KickStart BVI loan programme was created to ease the burden of access to financial and business training and development resources, aiming to empower and support local entrepreneurs.”

Notably, persons must complete an initial assessment online. The deadline for that assessment is September 23 and those meeting the requirements would then be required to submit a business plan and a financial questionnaire.

The release said funding is restricted to support social impact enterprises that directly address either an environmental or societal challenge facing the BVI with a business-based, sustainable solution.

Another loan available


In the meantime, the foundation its other Impact Loan Programme is intended to give social entrepreneurs a step-up through “financial empowerment and … high-level capacity-building and mentorship support”.

Takeuchi said this loan aims to catalyze social enterprises that will have a lasting positive impact in the BVI by directly addressing challenges facing local communities and/or the environment with sustainable, business-based solutions.

Persons who receive this loan type will have three to five years to repay.

To qualify, applicants must be 18 years or older, hold a valid BVI trade license, have limited access to financing, and demonstrate a viable business plan complete with financial planning, etcetera.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
BBC Demands Perplexity AI Immediately Stop Using Its Content
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
Political Turmoil Resurfaces in Belgium Amid Economic Concerns
Fed policymakers divided on timing of interest rate cuts
Trump signals imminent agreement with Harvard University
Inheritance tax referendum alarms Swiss billionaire community
Japan cancels bilateral security meeting amid US defence demands
AI skeptic Emily Bender warns that ‘the emperor has no clothes’
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
×