Basseterre,St.Kitts May 1 2020 (SKNVIBES)

The Development Bank of St. Kitts and Nevis, Federation’s leading financial institution in student loans, is implementing a new fiscal initiative which includes emergency soft loans up to USD$10,000 that is aimed at assisting Federation’s students adversely impacted by the effects of COVID-19.“Development Bank of St. Kitts and Nevis will in the first instance expedite any disbursement request for existing students even if they may have obtained their quota of funds for the current year.

Students, who are clients of the Development Bank of St. Kitts and Nevis and have pressing financial needs as a result of being adversely impacted by effects of COVID-19, may make application for emergency loans up to USD$10,000.00 that will be offered at three per cent per annum.