GBTI’s ‘scientific’ risk analysis seen as boosting loans for small businesses

By Stabroek News On In Guyana News |
From left to right: IFC Operations Officer Sergio Selaya, Canadian High Commissioner Nicole Giles, Operations Analyst Lillian Thyssen, GBTI’s Chief Executive Officer John Tracey and ERM Project Director Jan Cherim at the unveiling of the risk management initiative yesterday.
From left to right: IFC Operations Officer Sergio Selaya, Canadian High Commissioner Nicole Giles, Operations Analyst Lillian Thyssen, GBTI’s Chief Executive Officer John Tracey and ERM Project Director Jan Cherim at the unveiling of the risk management initiative yesterday.

Small and medium-scale enterprises (SMEs) may soon see increased access to loans as the Guyana Bank for Trade and Industry (GBTI) moves towards swift scientific analysis and processing of applications with the unveiling of a risk management project.

“We have to be more structured with data collection… the way we price loans is rather subjective and this project will bring very scientific ways to price loans,” Chief Executive Officer of GBTI John Tracey told reporters at a press conference yesterday at the Bank’s Kingston head office.

The Risk Management Initiative is funded in part by the Canadian government and will be implemented