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ADB GETS USD5 MILLION LOAN For Housing, Projects, Student Loans

The Anguilla Development Board (ADB) is again in a substantial position to provide a good amount of financing for many persons on the island. A loan of US$5 million, the equivalent of EC$13.5 million, has just been announced by the Caribbean Development Bank (CDB). The money is to finance agriculture, industry and commerce projects, medium and small enterprise projects, mortgage financing projects and student loans. These are critical areas in which many low-income persons find difficulty in accessing the normal lending institutions, according to Anguilla’s Minister of Finance, Victor Banks.

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