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Corporate Profile

The Institute of Private Enterprise Development (IPED) provides loans (maximum: GY$20M), business advice and training to entrepreneurs, micro, small and medium-sized businesses.

IPED was incorporated on Oct 02, 1985 as a non-profit but not-for-charity company limited by guarantee.

The activities of the Institute are overlooked by a Board of nine non-executive directors all of whom provide their services on a voluntary basis. This is one of the hallmarks of our successes for 25 years, since we have men and women who work in the interest of our society, selflessly not expecting a reward.

The functions of Chairman and Chief Executive Officer (CEO) are held independently and the CEO is accountable to the Board.

The activities of the Board are carried out through its various committees all of which have chairpersons independent of the Chairman of the Board. The Institute currently has an Audit Committee, Finance & Credit Committee and a Human Resources & Remunerations Committee.

Our financial statements are independently audited and we are proud to say that we have audited statements for all 25 years of our existence. The most recent for the year ended December 31, 2010 was completed within 14 days of the end of the year on January 14, 2011. For this to be possible, it meant that our internal control system had to be strong.

Mission

To facilitate enterprise development for wealth creation and poverty reduction whilst remaining financially viable.

Guiding Principle

A good loan takes a family out of poverty and creates wealth but a bad loan sinks them deeper into hopelessness. Therefore, we will do only good loans since we care about our clients.

Goals

  • To develop a culture of entrepreneurship amongst our clients and to inspire and empower them to achieve excellence.
  • To provide timely financing to Micro, Small and Medium Enterprises to enhance their production potential and capacity to supply both local and foreign markets.
  • To provide technical and managerial support services through training and counseling to all loan beneficiaries.
  • To promote sustainable environmental practices and technologies and mitigation of any pollution of the environment by our clients.
  • To network with organizations providing complementary support services to communities in order to effectively develop entrepreneurs.
  • To provide a work environment where all employees are treated fairly, are adequately compensated, trained and highly motivated.

Registered Office
IPED Building
253 South Road,
Bourda, Georgetown, Guyana

Tel: +592 226 4675, 225 8949 or 226 5913
Fax: +592 223 7834 or 226 4675
Email: iped at ipedgy dot com
Website: www.ipedgy.com
Branches

Auditors
TSD LAL & Co.
Chartered Accountants
77 Brickdam, Stabroek
Georgetown, Guyana

Bankers
- Demerara Bank Ltd.
- Republic Bank Ltd.
- Guyana Bank for Trade and Industry Ltd.
- Citizens Bank Guyana Inc.

Attorneys at Law
Demerara - Mr. Vidyanand Persaud & Associates
Berbice - Mr. Murseline Bacchus
Essequibo - Mr. Lachmi N. Dindyal