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Finance Opportunity

Opportunity Id
 
Finance Provider
Development Bank Of Ja Ltd  
Finance Type
Loan Government  
Description Of Service

This loan scheme is available through the National People's Cooperative Bank, credit unions and microfinance institutions.  The funds can be used to rehabilitate the fisheries sector, retool and provide additional equipment for expansion or assist with the purchase of new boats.  This is available to Fisherfolk and Farmers; Food processors; Marketers; Importers of fishing equipment; Exporters of fish, etc.; and Micro ornamental fish farmers.

 
Amount Lower Limit
Not Specified  
Amount Upper Limit
$500,000.00  
Payback Period
Maximum 5 years  
Security Required

Security is required.

 
Deposit Required
 
Currency
JMD  
Qualification Criteria

Requirements:

  • Vessels and applicants must be registed with the Fisheries Division of the Ministry of Agriculture;
  • Prefereably operate in the fishing industry on a fulltime basis;
  • Be over the age of 18 and have at least 2 years of relevant fishing experience;
  • Must have referral letter from Fisheries Division to accompany the application; and
  • Proposer must invest at least 20% equity in the project.
 
Administrative Contact

Mr. Christopher Brown, Manager, Business Development  

Email: cbrown@dbankjm.com

 
Telephone Numbers
876-929-4000  
Email Address
dbank@cwjamaica.com  
Website Link
http://www.dbankjm.com/files/fliers/fish%20flyer.pdf  
Additional Information
 
Valid From
 
Valid To
 
Eligible Countries
Jamaica