MIPED spreads Christmas cheer

"I dealt with other financial institutions in the past but MIPED is the company that helped me to take my business to the next level"

Wednesday, 23 December 2015

THE bpTT Mayaro Resource Centre was transformed into a children’s Christmas paradise as dozens of youngsters and their parents enjoyed a Christmas treat hosted by the Mayaro Initiative for Private Enterprise Development (MIPED).

Max Mahabir, of Bristol Village, had a wonderful afternoon with his wife and four kids, “This event is an opportunity to socialise with other families and just get away from the hustle and bustle of life. I dealt with other financial institutions in the past but MIPED is the company that helped me to take my business to the next level with access to development finance and advice. That’s another benefit of this Christmas treat – businesses that developed under MIPED get to network and help each other even as we build a better Mayaro for the future generations who are enjoying themselves here today.”

MIPED is the first micro-finance lending organisation sponsored by a private non-financial company in Trinidad and Tobago. Started in 2002 by BP Trinidad and Tobago, the organisation’s mission is to develop Mayaro and environs into a model community, creating self-sustaining employment, improving training and business opportunities to help build self esteem and improve the quality of life. 

Led by Chairman Asraph Ali, MIPED has become an essential aspect of the economic and social landscape of the south-eastern community. “Everyone aligned under MIPED, including the clients, staff and Board of Directors are part of the MIPED family. Every year this event is a highlight of my Christmas celebrations and the excitement and laughter of the kids is the best gift I could hope to get. The entire MIPED staff work really hard throughout the year to make these families successful and it’s good to be able to sit back at the end of the year and spend some quality family time together,” Ali explained. 

Since inception, MIPED has lent over $70 million through more than 3,200 loans that have facilitated the establishment of businesses and the creation of hundreds of permanent and temporary jobs. 

MIPED’s General Manager, Rory Jitta, underlined the significance of the annual event, “Our success isn’t in figures and statistics, but it is in the improvement to the quality of life of every single one of our clients. The enjoyment of the kids is fantastic to be a part of because at the end of the day, all of the efforts being made are for these kids who are our future leaders. We hope that 2016 brings happiness and prosperity for all of our clients and we at MIPED will do our utmost best to make that happen.”

It was an unforgettable experience for seven-year old Joshua from Guayaguayare, “There was a bouncy castle and face painting in addition to lots of food especially my favourites doubles and popcorn. And all of the kids got gifts from Santa and the wonderful people from MIPED. This was the best Christmas treat ever and everyone in my family had so much fun. Thank you MIPED!”