Following the success of Qredits microfinance (loans, mentoring & training) in the Netherlands Qredits consulted with the Ministry of the Interior and Kingdom Relations and together they concluded that these services should not only benefit entrepreneurs in the Netherlands, but also in the Caribbean Netherlands. This resulted in opening up a Qredits office on the island of Bonaire in May 2015, on Aruba in April 2017, and on St. Maarten, St. Eustatius and Saba in October 2017.
Qredits started a branch on Bonaire in May 2015 in order to encourage entrepreneurship on the island. To realize this:
- A cooperation agreement was signed with the local government on Bonaire
- The loan process is fully supported by credit support and risk management departments of Qredits in the Netherlands.
- An office was started at Bonaire Chamber of Commerce and local business advisors were hired to screen and assist customers.
In April 2017 a Qredits branch opened up in Noord Aruba after a cooperation agreement was signed with the Aruban government, Chamber of Commerce and local commercial banks.
St. Maarten, St. Eustatius and Saba
Starting October 2017 Qredits will set up an office on St. Maarten servicing St. Eustatius and Saba as well. This was made possible with the support of the Department of Economy, Transportation & Telecommunication of St. Maarten, local banks and the Chamber of Commerce of St. Eustatius and Saba.
Talks are underway to start a Curaçao branch in 2018.