MONEY MATTERS
By: Samuel Rosenberg
Axcel To Transform the Economy of the Big Parish in Grenada Axcel To Transform The Economy Of The Big Parish In Grenville A celebratory feat of economic boost for the rural residents of Grenville as Axcel Finance opened its second branch in Grenada on Wednesday January 25, 2017. With hundreds of citizens in attendance, together with top Government officials including the Prime Minister and three Cabinet Ministers, many business owners and community leaders joined for the ribbon-cutting ceremony. The occasion marked Axcel’s unwavering commitment to providing financing for the residents of rural communities. The microfinance institution has developed a distinguishable position within the financial services arena as an innovative financing organization geared towards the growth of small business enterprises through ‘quick’ and ‘hassle-free’ loan services. This move to double the number of branches declares the message behind the basis of Axcel Finance’s existence, which remains to launch its services as a tool for fostering sustainability in a developing economy to Small and Medium Sized Enterprise and individuals that will simultaneously spark entrepreneurship amongst the previously underserved rural regions of Grenada. Axcel Finance’s founder and CEO, Sam Rosenberg while addressing the attendees of the launch, acknowledged the obvious economic constraints facing residents and reaffirmed the company’s partnership with the country. He stated “you have our commitment OECSBusinessFocus May / Jul
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to empower small businesses throughout the country and this region. We want to see consumer and entrepreneurs grow and contribute to the economic development of the country.” The basic objective being met by Axcel Finance is the provision of a convenient access to credit to the people of Grenada. This has taken place simultaneously when other financial institutions are downsizing or closing operations in rural communities. Pictured above: Prime Minister Dr. Keith Mitchell cuts ribbon to declare office open in the presence on Ministers of goernment and Axcel Finance CEO.
Samuel Rosenberg is the founder and CEO of Axcel Finance Ltd., the leading regional microfinance institution. Share your thoughts and email your questions to srosenberg@ axcelfinance.com.
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