The care economy is growing rapidly, with caregivers receiving training, mentorship, and business financing, alongside a $1.5 billion direct injection into the sector.
Minister of Human Services and Social Security, Dr. Vindhya Persaud, said over 5,000 women have been trained in early child care and another 2,000 in elderly care. One hundred women have received start-up financing, while 10 have secured investment to elevate existing care centres.
With a $100M injection into the Guyana Development Bank, aspiring entrepreneurs can access up to $3M with no interest or collateral, and up to $7M for expansion at low interest. The ministry also co-invests in facilities, rehabilitation, and equipment, ensuring services remain affordable.
The initiative supports parents with childcare payments for the first three months, helps close the gender gap, and allows women to move from home-based caregiving into entrepreneurship and formal employment.
