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Finance Opportunity

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

This facility is available throught the National People's Cooperative Bank. Funds must be used for the production and/or processing of milk and beef; retooling and re-engineering of processing operation; purchase of animals for herd expansion; pasture rehabilitation or establishment; or equipment and working capital.     

 
Amount Lower Limit
Not Specified  
Amount Upper Limit
$2,500,000.00  
Payback Period
Maximum 7 years  
Security Required

Loan must be fully secured.

 
Deposit Required
 
Currency
JMD  
Qualification Criteria

Requirements:

  • Applicant must register with the Rural Agricultural Development Authority (RADA).
  • Must present a viable development plan with referral from the Jamaica Dairy Development Board (JDDB).
  • Must show evidence of management capacity. Must show evidence of 20% equity injection capacity. T
  • ax Registration Number (TRN) is required.
  • Applications for over $2 Million require a Tax Compliance Certificate.
 
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://dbankjm.com/files/fliers/Dairy%203.5x8.25.pdf  
Additional Information

The maximum amount an individual can borrow is JMD$1.25 MILLION. The maximum amount a corporate applicant can borrow is JMD$2.5 MILLION. Loan disbursements will be made to the suppliers.

 
Valid From
 
Valid To
 
Eligible Countries
Jamaica