London Daily

Focus on the big picture.
Wednesday, Jul 09, 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

0:00
0:00
Close
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
×