The Institute of Private Enterprise Development (IPED) says its entire family is mourning the passing yesterday morning of business magnate Yesu Persaud.
Persaud was the architect of IPED’s success. The organisation had started out as the Institute of Small Enterprise Development.
In a statement, IPED said that Dr Persaud’s achievements as a business executive, and as a person, make for an astonishing list. It said that in the IPED family he will be mostly remembered for his vision that led to the transformation of thousands of families all across Guyana.
“In the most difficult of times Dr Persaud understood that it was necessary to find ways to recreate and nurture small and micro businesses in the country. While his business acumen is unchallenged Dr. Persaud’s greatest desire was to help people to help themselves. The small and micro businesses that needed financing and guidance were mostly in families and so his understanding at the business level and the passion in his heart for people were combined into the Institute of Private Enterprise Development Limited that is still thriving and helping people today”, the statement said.
It added that Persaud has left the IPED family with a sustainable organisation and with a network of almost 5,000 small and micro enterprises that are themselves sustainable. IPED said that many of these businesses are fulfilling his vision every day as they take advantage of every new opportunity to grow.
