Businesses and homeowners in Guyana could see more opportunities to finance solar energy, sustainable agriculture and other environmentally friendly investments as the country’s banking sector explores ways to expand green lending.

Guyana Bank for Trade and Industry (GBTI) Chief Executive Officer Shawn Gurcharran said on October 26 that banks have a growing interest in financing projects that protect natural resources, particularly where environmental conditions directly affect the success of businesses.

Agriculture, fishing, forestry and ecotourism are among the sectors that depend on healthy ecosystems. Gurcharran highlighted how drainage, irrigation, flooding, mangrove restoration and climate change can affect farm productivity and borrowers’ ability to repay loans.

GBTI already offers green loans at lower interest rates for environmentally friendly investments. However, the bank believes tax incentives and other government support could help make financing even more attractive. As one possible example not an approved loan offer Gurcharran suggested homeowners might be able to access solar installation loans at rates as low as 3% if tax concessions helped lenders cover costs.

The bank also sees potential in partnerships that combine grants, technical assistance and commercial loans. This approach could help entrepreneurs develop early-stage ideas into viable businesses before seeking larger amounts of financing.

The discussion comes as Guyana prepares for greater investment in sustainable development and biodiversity protection. Access to suitable financing could support businesses that want to reduce energy costs, improve resilience and generate income while protecting natural resources.

For Guyanese entrepreneurs, the opportunity is to turn sustainable ideas into bankable projects. Any new loan terms or incentives, however, would depend on future decisions by lenders and government.