a country of rich diversity
Guyana; located on the north coast of South America, is a country of rich cultural diversity and striking geographical features. Bordered by Venezuela, Brazil and Surname, it is characterized by lush rainforests, vast savannahs and a sprawling coastline. The country’s cultural fabric is woven from African, Indian, Indigenous, European and Chinese influences, resulting in a vibrant mix of traditions, languages and cuisines.
Despite it’s small population, Guyana’s communities maintain a strong sense of identity. Local industries, traditionally centered around agriculture, mining and small-scale trade, make up a majority of the country’s economic activity.
the economic shift
The discovery of vast offshore oil reserves in 2015 has dramatically reshaped its economic landscape, attracting significant investment and increasing government revenues. This newfound wealth has the potential to modernize infrastructure, improve public services, and drive economic growth on a national scale.
However, while urban areas are seeing development, many rural communities face barriers to accessing these opportunities due to their geographical isolation. Many small businesses in these rural areas lack the financial resources and support systems needed to grow with the expanding economy.
new business opportunities in rural areas
The growing oil sector is creating opportunities that Guyana has not seen before. Increased economic activity is driving demand for local goods and services and opening up potential for businesses that did not previously exist.
Agriculture
Increased demand for local produce.
Construction
Infrastructure projects opening new markets.
Retail
Rising consumer spending boosting local commerce.
With rising consumer spending and improving infrastructure, these enterprises have greater potential to scale operations
challenges faced by rural entrepreneurs
Despite new opportunities, many rural entrepreneurs still face significant obstacles, including:
limited access to capital
Many small businesses struggle to secure funding.
lack of technological resources
Insufficient tools to compete in modern markets.
geographical
isolation
Barriers to reaching broader customer bases.
supporting rural growth
The Uplift Project is committed to addressing these gaps by providing financial assistance and technological support to small business owners. By equipping entrepreneurs with the necessary tools and resources, we aim to ensure that the benefits of Guyana’s economic expansion are accessible to all.
