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