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Eco-friendly Productive Sector Loans

Lending Guidelines
Productive Sector Loans
Caricom Development Fund (CDF)

 

Eligibility

Loans will be made available to eligible business persons/groups/entrepreneurs within the following target areas:
  • Environmental Conservation (including soil and water conservation, erosion contraol, air pollution control, recycling operations)
  • Projects with Foreign Exchange Saving/Generation potential
  • Agro-processing
  • Organic farming and “Green” Projects (including Manure and Composting and Reforestation)
  • Alternative Energy (including solar, wind and mini-hydro power)
  • Manufacturing
  • Eco-Tourism
  • Cultural Arts
  • Agro Forestry

General Purpose

  • To support private sector and private sector-related activities aimed at improving firm industry competitiveness, productivity and efficiency
  • To extend financial support to technically, economically, socially and environmental sound enterprises that are already profitable or have good prospects of becoming profitable; and
  • To provide technical support to eligible clients benefiting from this line of credit.

Specific Purposes

  • Improve firm competitiveness
  • Upgrade/replace plant and equipment
  • Re-tool/retrain the workforce
  • Fund project development or innovation
  • Achieve International Standards Organization (ISO) or Hazard Analysis and Critical Control Point (HACCP) standards/certification
  • Improve marketing or carry out market assessments in CARICOM markets with a view to introducing or increasing the trade in goods/services to those markets
  • Finance projects in the service sector, including the “creative industries”

Loan Size

  • Minimum loan size: BZE$20,000
  • Maximum loan size: BZE$300,000

Interest Rate

  • 8.5% per annum (variable) on the reducing balance

Loan Term

  • Flexible and based on the nature and cashflow of the project
  • Not more than 15 years
  • Can include grace period on principal repayment for up to 2 years

Collateral Requirements

  • Real estate
  • Other properties/securities

Client’s Contribution

  • Client is required to contribute at least 10% of the total project cost
  • Loan fees form part of these contributions

Use this tool to calculate loan payments, terms and amounts

Why borrow from DFC?

  • Affordable interest rates
  • Flexible repayment periods
  • Free property valuations
  • Affordable legal and loan processing fees
  • Affordable building & life insurance coverage
  • Free financial and technical guidance
  • Efficient delivery of loans & services