Full ownership for nursery founder after three years
How would it feel to buy back shares, taking full ownership of your start-up business? One Island resident found out this week.
With 10 years in education behind her, mother of four Ama Holden, decided to start independent child daycare nursery Gloryland, in Douglas three years ago.
Ama and her husband borrowed £15,000 from the McKensie Trust Isle of Man, a charity which aims to help businesses grow, without the pressure and risk involved in servicing a bank loan.
The Department of Economic Development advised Ama to contact the charity on her completion of its Business Development Scheme.
The pair had to take out a further £15,000 loan, and have nearly paid off the debt.
Ama says she's proud of their achievement:
Hospitality bosses to attend 'call to arms' meeting
Rate of inflation falls to 3.2%
Business will suffer 'significant' loss during the TT
TT merchandise provider makes upfront payment for contract
Hunt for new Steam Packet non-executives
Public disappointment after decision to sell ex-Newson's buildings
