DBJ Credit Enhancement Fund (Partial Guarantee)

Opportunity ID: 
DBJ-2014-70
Institution Type: 
Government
Institution: 
Development Bank of Jamaica
Type of Financing: 
Loan
Minimum Amount: 
50% of DBJ funded SME loans up to J$10M; 80% of Energy Loans up to a maximum of J$10M.(Conditions apply); SME loans funded with the AFIs own funds - 50% of the loan up to J$5M
Tenure: 

5 years

Qualification Criteria: 

Types of Eligible Enterprises:
Small and Medium Sized Enterprises
Tax compliant
Viable Project
Proven track record
Good Credit History

Sectors:
Productive sectors including Manufacturing, Agriculture and Agribusiness, Tourism, Energy, Mining and Business Services, Retail, Trade and Distribution.

Fee:
Energy & Agricultural Projects - 1% plus GCT per annum on the Guaranteed Amount
All Other SME Loans - 2% plus GCT per annum on the Guaranteed Amount

Purpose:
Reduce Risk of lending to SMEs’
Supplements Available Collateral
Allows viable SMEs to access credit for expansion

Total votes: 231