AID Bank Launches Services in Kalinago Territory with Development and Education Focus
The Dominica Agricultural Industrial and Development Bank (AID Bank) has officially launched its presence in the Kalinago Territory, marking a major milestone in its mission to bring financial services directly to historically underserved communities. The launch event, held at the Salybia Resource Centre, was attended by government officials, Kalinago leaders, business owners, and residents, and was carried live on DBS Radio and Emo News.
The initiative reflects a new chapter of accessibility and empowerment for the Kalinago people. Acting General Manager of AID Bank, Ms. Mathilda John-Rose, emphasised the goal of eliminating travel and accessibility barriers to financing. Beginning May 27, AID Bank officers will be stationed at the center every Tuesday and Thursday to process loans, provide consultations, and guide residents through application requirements.
The Bank introduced two key loan facilities tailored for the Kalinago people: the Kalinago Development Fund (KDF) and a Special Student Loan Facility. The KDF offers a highly concessional interest rate of 2% per annum and includes a six-month grace period on both principal and interest. Loans can support a wide range of ventures, from residential and commercial construction to cultural, tourism, fishing, agriculture, climate resilience, and energy efficiency projects. Eligibility requires Kalinago ancestry and location within the Kalinago Territory.
In addition, the Student Loan Facility provides up to EC$100,000 in funding for tertiary education to applicants who may lack land-based collateral. Eligibility extends to members of low-income households, vulnerable groups, or families affected by economic changes or natural disasters.
Kalinago Chief Anette Thomas-Sanford, herself a former loan recipient from the AID Bank, delivered a heartfelt welcome, stressing the importance of accessible financing in unlocking opportunities for the Kalinago youth. “A single opportunity, when placed in the right hands, can create positive ripples across families, communities, and even generations,” she noted.
Hon. Cozier Frederick, Parliamentary Representative for the Salibya Constituency, reaffirmed the government’s commitment to uplifting the Kalinago people and encouraged residents to dream bigger. “Why can’t we have a massive hotel or a shopping mall? Let’s stop calling ourselves ‘small business’ people. Think big,” he said passionately, urging proper use of loans and stressing shared responsibility.
The launch also included cultural performances by the Karina Cultural Group and featured testimonials and input from residents. The AID Bank reaffirmed its long-term vision of strengthening resilience, education, and entrepreneurship through strategic financial inclusion and hands-on support.
The presence of AID Bank in the Kalinago Territory represents commitment, respect, and opportunity for a community whose economic role is essential to Dominica’s goals for inclusive national growth and participation.
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