DBJ/CDB Line of Credit for Small Agricultural Entreprenuers

Opportunity ID: 
DBJ-2014-69
Institution Type: 
Government
Institution: 
Development Bank of Jamaica
Type of Financing: 
Loan
Minimum Amount: 
Maximum of J$8.4M. Rate to end user is 9.5% (Interest Rate subject to annual review)
Tenure: 

Repayment period will be up to 7 years, including a maximum of 12 months moratorium on principal payments

Qualification Criteria: 

Types of Eligible Enterprises:
Small and medium sized farmers
Agro-processors
Marketers of agricultural products
Exporters of agricultural products
Fishers and fish farmers
Ornamental fish farmers

Use of Funds
To support farming activities, as well as retooling, which include:
Expansion of fruit tree crop projects, such as Ackee & June Plum etc.
Livestock projects, such as pig and sheep production
Resuscitation of the Dairy Industry
Expansion of Cassava production
Development of protected cultivation, such as greenhouses & hydroponics
Expansion of small ruminant programmes
Introduction of modern and productive agricultural tools and machines
Ornamental fish farmers
Food fish farmers & Mari-culture

Equity Requirement: 10%

Eligibility Conditions:
Registration with the Rural Agricultural Development Agency (RADA)/Ministry of Agriculture or other relevant authorities.
Project must be financially and technically viable
Valid Tax Compliance Certificate

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