Building Contractors Seeking Loan in Uitvlugt

The business, located in Uitvlugt, is private contractors specializing in building and renovation services for boutique commercial companies and private homeowners. - The company has successfully completed 3 out of 5 projects this year, with 2 projects still pending. The majority of projects are commercial in nature, with an average project value of GYD 3 to 5 million and an average duration of 12 weeks. - Given the anticipated growth in demand for building materials in Guyana, the company plans to expand its operations to include the manufacturing and supply of concrete blocks, targeting both construction companies and private builders. - This strategic move is aimed at capitalizing on the country's development and the potential increase in construction projects over the next decade. - The expansion into concrete block manufacturing is expected to result in cost savings and increased profitability for the business, as the current practice involves purchasing concrete from other cities for their projects. - The procurement of raw materials, including cement and sand, will be sourced from manufacturers and suppliers, while the necessary machinery for the manufacturing process will be imported from China. - The business needs 10 permanent employees to run the business operations as it is constantly expanding.