Guyana Bank for Trade and Industry (GBTI), one of the Caribbean region’s largest financial institutions, offers a full range of loans, microloans, and other services for individual entrepreneurs and organizations. Currently, the bank is prioritizing the safety and wellbeing of staff and customers during the current coronavirus pandemic. To help contain the spread of the...
Your net worth offers a clear picture of your overall financial health. Understanding what net worth means is important regardless of how much money you make. Knowing your net worth is valuable for several reasons, the most important one being that it can enable you to evaluate where you are in your financial journey. Net...
Guyana Bank for Trade and Industry (GBTI), Ltd., has become the leading bank in the country due in part to its ability to offer personalized services based on a commitment helping individuals, businesses, and communities. Among GBTI’s signature programs is its Women of Worth Loan Facility, which concentrates on providing small business loans to women...
Falling behind in making payments is something that happens to millions of people, and it can have devastating consequences, including utility shutoffs, late payment penalties, and dings to your credit score. Even with all the negatives that come from paying past the due date, there are ways to turn it around and prevent late payments...
Our personal financial resources are finite and managing them properly is essential for peace of mind. There is an overwhelming amount of budgeting advice available. It is difficult to know where to start! However, without good advice, the risk is that we will just continue to make financial mistakes and miss the opportunity to improve....
Known as the “breadbasket of the Caribbean,” the small nation of Guyana has always had a strong agricultural presence. Guyana grows large amounts of rice and sugarcane, both for local consumption and export. Rice is a staple of the Guyanese diet and makes its way into a number of local dishes, including “cook up rice”...
A recession can seemingly come out of nowhere, but many times people can tell when one is near. Income is one of the first things affected by an economic downturn. Even when the economy is good, there are important steps that you can take to protect your income before the economy takes a downturn. It’s...
Investing internationally is a great way to boost your portfolio returns, but it does involve a significant amount of risk. Today, many people are hesitant to take on too much risk because they still remember the recession of 2008. Moreover, the coronavirus pandemic has added even more uncertainty to the economic market. At the same...
When used responsibly, credit cards can be an invaluable financial tool, helping you to finance large purchases and manage crises. On the other hand, getting into credit card debt happens quite frequently, and when it does, it can be hard to see a solution for paying off your debt. Credit card debt can end up...
While coming into extra money is a good feeling, figuring out what to do with the extra funds can prove difficult. For those of us who have always struggled with money management, it’s easy to become careless with extra money, so it’s important to take some time to figure out where you want to put...
