USD Loan Facilities - DBJ/Petrocaribe

Opportunity ID: 
DBJ-2014-71
Institution Type: 
Government
Institution: 
Development Bank of Jamaica
Type of Financing: 
Loan
Minimum Amount: 
USD 3M. Rate to end user is 7.25% (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:
Agriculture, Agro-Processing, Energy, Manufacturing, Mining, Services, Tourism, Infrastructure, Information Technology

Use of Funds
Construction of structures (for productive purposes).
Establishment of crops and livestock enterprises.
Expansion or modification of structures
Purchase of machinery and equipment
Purchase of moveable fixed assets
Permanent working capital
Rehabilitation of existing enterprises.
Energy conservation and renewable energy
Tourist attraction and wellness projects

Equity Requirement: 30%

Eligibility Conditions:
Majority Jamaican Shareholding
Be financially viable & technically feasible
A positive contribution to the economic development of the country
Tax compliant

Total votes: 194