By: Anel N. Philimon
Director
(RMI SBDC)
The government of the Marshall Islands became a new member of the Pacific Islands Development Bank-PIDB late last year (2012) after a long waiting period for the signing of the membership agreement between the PIDB and the RMI government. Like the other government member, the RMI government had to pay for its share to become a member of the bank.
Mr. Aren Palik, CEO/President of PIDB, Mr. Casey Jeszenka, Director of the Pacific Islands Small Business Development Center Network (PISBDCN) and Mr. Alfred Alfred, Jr. , Secretary of RMI Finance and representing the RMI government to the PIDB of directors agreed to utilize the RMI Small Business Development Center (RMI SBDC) and its host agency, the Ministry of Resources and Development to assist start up and existing business owners to develop and complete their business proposals.
In addition to the existing funding sources that the business communities in RMI have enjoyed for some years, PIDB brings opportunities to our doors. Recently, RMI SBDC assisted a few clients to obtain business loans from the bank. These businesses are start-up and existing/expansion ventures.
Thanks to PIDB and the government of the Republic of the Marshall Islands for bringing the opportunity to our people, especially the business community. Komol tata!
