President Solih pledges small business loans for guesthouses
The announcement came at the closing ceremony of a guesthouse symposium.
30 Dec 2018, 9:00 AM
President Ibrahim Mohamed Solih pledged Saturday night to open a new bank to provide loans to aspiring guesthouse operators.
The announcement came at the closing ceremony of a guesthouse symposium organised by the tourism ministry. More than 340 operators, atoll and island councillors, top government officials and tourism industry heavyweights were in attendance.
Organising the symposium and promoting guesthouse tourism through the government’s destination marketing were part of the first 100-day action plan of Solih’s administration.
“The biggest worry for guesthouse businesses and aspiring businesses is not having money to invest,” Solih said.
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