National Development Foundation of St. Vincent & the Grenadines
"Achieving Success"

Striving to Achieve Entrepreneurial Excellence!

   

Loans



Loan financing is provided to small and micro entrepreneurs to encourage self-help and sustainability.

The initial interview is the first step in applying for a loan.

HOW TO BE ELIGIBLE

  • Have a viable project
  • Be of good character
  • Be under 65 years of age
  • Be a citizen/resident of SVG.
  • Be directly responsible for the management of the business and have financial input in the business.
  • Be willing to accept Technical Services and Training

 

TARGET SECTORS

Loan sizes may vary according to nature and viability of each project.

 

  • Manufacturing
  • Services
  • Agriculture
  • Fishing
  • Tourism
  • Industrial Trades
  • Construction
  • Craft
  • Commerical Services

 

SecurityRequirements

All loans must be secured by any conbination of the following:-

  • Guarantor(s)
  • Bill of Sale on equipment and other fixed assets
  • Lien on Savings & Fixed Deposits
  • Mortgage on land and building
  • Assignment of insurances and contract revenues