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Business charity sells back nursery shares

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:

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