![]() They, therefore, do not return to the banks with the documentation and so lose out on the opportunity to participate in the guarantee programme.Īs the economies rebound from COVID 19, it is expected that the demand for guarantees will pick up, and there may be many more under prepared clients trying to access the guarantees. Many clients are cash constrained and are unable to afford the fees for an accountant to prepare the requisite statements. A high level of informality among the businessesĬonsequently, the institutions have requested that the clients get their files organized so that proper assessments may be made of the businesses and the need for financing. ![]() The banks have cited the following issues that are prevalent among the customers: In the absence of proper records, the financial institutions are unable to complete their assessments. The institutions would review the documents, adjudicate the loan, and if approved, send an application to ECPCGC for a guarantee to make up for the collateral deficit. The process is that the entrepreneurs approach the financial institutions for loans, armed with their financial documents, projections, business history, and a clear idea of the purpose of the loan. In general, both banks and MSMEs are unfamiliar with guarantee schemes and the credit enhancement that they can provide. ECPCGC became operational in 2020 and its staff is working with banks in the six nations that comprise the ECCU. The programme provides guarantees of up to 80% on loans made by private sector lenders to qualifying micro, small and medium enterprises (MSMEs). The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) was created to increase the amount of financing available to MSMEs in the Eastern Caribbean Currency Union (ECCU). CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES. It’s unclear if this latest arrest is related to that case, but his ex-girlfriend did apply for a restraining order against him.CLICK HERE TO JOIN OUR WHATSAPP GROUP FOR NEWS UPDATES. ![]() Still, the comedian also spent some time behind bars at the Cherokee County Adult Detention Center outside Atlanta for the same incident. He later bonded out of jail on a $15,000 bond. ![]() At the time, he was charged with kidnapping, making terroristic threats, and simple battery. Majah Hype was previously arrested in January 2021 following an incident involving his ex-girlfriend, Latisha Kirby Farrell. This is not the comedian’s first arrest in Georgia. However, sources told Urban Islandz on Thursday that he is expected to apply for bond pending the outcome of the case. There were no further details surrounding his arrest given by law enforcement. Despite his recent arrest, his social media accounts remain active and are likely being run by an assistant. The Sheriff’s department says he was charged with making terroristic threats and acts, a felony charge, and also simple battery, a misdemeanor. Majah Hype, whose real name is Nigel Theron Joseph, was processed on the same day a warrant was issued for his arrest. Urban Islandz obtained arrest records showing that the famed comedian was booked by the Cobb County Sheriff on February 19, 2023. Comedian Majah Hype was arrested in Georgia on felony and simple battery charges.
0 Comments
Leave a Reply. |