{"id":2710,"date":"2022-03-31T09:19:11","date_gmt":"2022-03-31T13:19:11","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=2710"},"modified":"2025-07-01T09:27:41","modified_gmt":"2025-07-01T13:27:41","slug":"institute-of-private-enterprise-development-limited-3","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/institute-of-private-enterprise-development-limited-3\/","title":{"rendered":"Institute of Private Enterprise Development Limited"},"content":{"rendered":"<h3>RATING DRIVERS<\/h3>\n<p class=\"badge\">Supporting Factors<\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Long established player with strong brand equity and good market position<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">History of profitable operations supported by healthy net interest spreads<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Good capitalization and liquidity levels<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Risk management framework supported by oversight from an independent Board of Directors<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Strong macroeconomic prospects for Guyana are expected to support IPED\u2019s growth<\/span><\/li>\n<\/ul>\n<p class=\"badge\">Constraining Factors<\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\">I<span style=\"font-family: 'book antiqua', palatino;\">PED operates in a single line of business in Guyana which is exposed to climate related risks<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Below average asset quality levels<\/span><\/li>\n<\/ul>\n<p class=\"badge\">Rating Sensitivity Factors<\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><strong><span style=\"text-decoration: underline;\">Factors that could, individually or collectively lead to an improvement of the ratings and\/ or outlook include:<\/span><\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">An improvement in the credit risk profile of the Government of Guyana<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Improved ROA and ROE &gt; 4.5% and 5.5% respectively sustained for more 2 years<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">An improvement in Gross NPLs\/Gross Loans to &lt; 7.5%<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline; font-family: 'book antiqua', palatino;\"><strong>Factors that could, individually or collectively lead to a lowering of the ratings and\/ or outlook include:<\/strong><\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A deterioration in the credit risk profile of the Government of Guyana<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A deterioration of ROA and ROE &lt; 1.5% and 2% respectively sustained for 2 financial periods<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">A deterioration in IPED\u2019s Gross NPLs\/Gross Loans ratio to &gt; 20%<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Written off loans exceeds GY$100 million in any financial year<\/span><\/li>\n<li data-mce-word-list=\"1\"><span style=\"font-family: 'book antiqua', palatino;\">Deterioration in the Company\u2019s leverage ratio (Debt\/TNW) to 2.5 times or more<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline; font-family: 'book antiqua', palatino;\"><strong>COMPANY BACKGROUND<\/strong><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\">The Institute of Private Enterprise Development Limited (IPED or the Company), located in Georgetown, Guyana, commenced operations in 1985. The Company was originally called the Institute of Small Enterprise Development, however, as its operations expanded, the name was changed to IPED in 1991. IPED was founded by Dr. Yesu Persaud and Mr. Wilfred Stoll to reduce unemployment<a id=\"_ftnref1\" href=\"#_ftn1\"><sup>[1]<\/sup><\/a> and improve livelihoods by building sustainable micro and small enterprises. The initial capital of GY$0.5 million for the Company was provided through a grant from the Pan American Development Foundation, with the founders matching this grant with their funds. Additionally, support for start-up operations was also provided by the Foundation for International Training.<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\">IPED is registered as a non-profit, non-governmental organization with its key objectives being the provision of business guidance, technical assistance, training and financing to micro and small businesses which enables them to build sustainable enterprises. The Company provides its range of services to several sectors across Guyana. The Company is recognized as an Institution of National Character<a id=\"_ftnref2\" href=\"#_ftn2\"><sup>[2]<\/sup><\/a>and is therefore tax-exempted.<\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><em>Analytical Contacts:<\/em><\/span><\/p>\n<h5><strong><span style=\"font-family: 'book antiqua', palatino;\">Maxwell Gooding<\/span><\/strong><\/h5>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><em>Tel: 1-868-627-8879 Ext. 235<\/em><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><em>E-mail: <a href=\"mailto:mgooding@caricris.com\">mgooding@caricris.com<\/a><\/em><\/span><\/p>\n<p><strong><span style=\"font-family: 'book antiqua', palatino;\">\u00a0Keith Hamlet<\/span><\/strong><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><em>Tel: 1-868-627-8879 Ext. 244<\/em><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><em>Mobile: 1-868-487-8356<\/em><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\"><em>E-mail: <a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/em><\/span><\/p>\n<p><span style=\"font-family: 'book antiqua', palatino;\">Website: <a href=\"http:\/\/www.caricris.com\">www.caricris.com<\/a><\/span><\/p>\n<p><span style=\"font-size: 8pt; font-family: 'book antiqua', palatino;\">Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable.\u00a0 However, CariCRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.\u00a0 No part of this report may be published \/ reproduced in any form without CariCRIS\u2019 prior written approval.\u00a0 CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING DRIVERS Supporting Factors Long established player with strong brand equity and good market position History of profitable operations supported by healthy net interest spreads Good capitalization and liquidity levels Risk management framework supported by oversight from an independent Board of Directors Strong macroeconomic prospects for Guyana are expected to support IPED\u2019s growth Constraining Factors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-2710","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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