The Dominica Agricultural Industrial and Development Bank (DAIDB) is expanding its contributions to clients in a bid to grow the island’s economy, Special Projects and Communications Coordinator, Josephine Dechausay-Titre declared.
In a recent interview with Dominica Central and against the backdrop of the bank’s Customer Appreciation Day and exhibition at its Goodwill head office, Dechausay-Titre pointed to the bank’s sustained efforts at stimulating economic growth.
She explained that this year the bank is aiding some enterprises in the manufacturing sector to enhance their business operations.
The bank in collaboration with the Center for Development Enterprise (CDE) is currently working with twenty bakeries around the island to enhance their operational efficiencies… their layout, designs, standards of processing and production, the business development aspect of their operations, their [product] packaging, labeling of their foods and all of that.
She explained that these efforts are in keeping with producing goods up to international standards.
“We have also identified…in the subsector of ice cream manufacturers, where we have assisted and supported a few ice cream manufacturers to form a cooperative to best meet the needs of their members. So that they can order their products as a group; they can benefit from economies of scale…training and technical assistance”.
The bank celebrating its forty-first anniversary this year is also targeting disadvantaged individuals and groups.
It maintains that its approach to development financing is multi-faceted.
“We do so in more ways than one…by providing funds to clients, we’ve been blessed with the opportunity to provide funds at concessionary rates. We also provide technical support to clients and we look at special initiatives that we can support.”