St. George’s, May 21, 2024, Grenada Co-operative Bank Limited proudly announces the launch of its dedicated unit for Micro, Small and Medium-sized Enterprises (MSMEs). The launch event, which was held at the Spice Island Beach Resort on May 15, 2024, introduced the Bank’s new comprehensive program of MSME solutions. 

The MSME Unit’s launch is a significant milestone in Co-op Bank’s growth and development. “Co-op Bank is not new to the MSME market and has been a key MSME partner over its 91 years of existence. We have supported micro, small and medium sized businesses across many sectors that are today thriving commercial enterprises,” remarked Darryl Brathwaite, Chairman of the Board of Directors of Grenada Co-operative Bank Limited. “No business has been too small, and no dream has been too big to receive our support.  The support for MSMEs is very much in line with the ethos and principle of our founding fathers, which is to provide banking solutions to Grenadians from all walks of life.”

 Chairman of the Board of Directors Mr. Darryl Brathwaite addressing the gathering at the launch of the Bank’s new MSME Unit.

“Access to financing is critical for any enterprise, especially for those just starting out or looking to expand. The needs of our MSMEs are unique and as such it was imperative for us as a bank to take a comprehensive approach,” explained Larry Lawrence, Managing Director of Grenada Co-operative Bank Limited. “Therefore, we embarked upon developing a customized suite of solutions and engaged partners to put together a well-thought-out program that we deem necessary to help these businesses succeed.”

Co-op Bank’s Managing Director, Mr. Larry Lawrence speaking at the launch of the Bank’s new MSME Unit

In addition to enhanced lending policies and a suite of products, the new MSME Unit has executed agreements with service providers to offer specialized support for its MSME customers. These support services are in the areas of Accounting & Finance, Technical Support, Website Development, and general Business Development. The MSME Unit has also developed an engagement plan with designated Relationship Managers to connect with, train and educate customers through interactive newsletters, workshops and seminars, and in-person visits.

Entrepreneurs and business owners within the MSME sector are excited by the new services designed to cater to their specific needs. Reflecting on the launch event, one of the entrepreneurs said, “It’s good that there is a bank that really cares about us as micro and small businesses. As they mentioned today, sometimes you get overlooked so we are quite happy that Co-op Bank is actually looking at us and giving us very practical solutions and ideas.”  

Co-op Bank is committed to being a trusted partner and working with micro, small and medium sized businesses to ensure their success. To learn more about Co-op Bank’s new MSME solutions, email [email protected] or call 473-440-2111 to set up an appointment with one of our MSME Relationship Managers.

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