Suriname’s National Development Bank (NOB) has inaugurated a specialized credit facility designed to empower young entrepreneurs across the nation. Dubbed the ‘Level-Up Credit’ initiative, the program targets individuals aged 18 to 27, offering access to business loans of up to SRD 400,000 for commercial investments and venture development.
The financing mechanism operates under the Production Credit Fund (PKF), with designated allocations for diverse sectors including manufacturing, processing industries, creative arts, information technology, and innovative project undertakings. The program was officially unveiled on January 30, 2026, under the local slogan ‘Wan Okasi gi den Yongu Basi’ (An Opportunity for Young People).
NOB President-Director Sandy Cameron emphasized the deliberately low-threshold application process, noting that youth applicants can submit projects through a streamlined documentation system. The bank has committed to processing complete applications within a 31-day review timeframe, according to Suriname’s Communication Service.
Beyond financial support, the NOB provides comprehensive entrepreneurial guidance including assistance with Chamber of Commerce and Industry registration, permit acquisition, and administrative procedures. Post-approval monitoring remains integral to the program’s implementation framework.
The credit facility features a maximum five-year maturity period with flexible repayment structures, including potential grace periods for principal payments in specific circumstances. Funding derives from the Production Credit Fund, which is resourced through national budgetary allocations and international financing mechanisms.
The NOB actively encourages young Surinamese citizens with viable business concepts to leverage this financial opportunity for enterprise development and economic participation.