The Ministry of Agriculture and Livestock (MAL) granted $3 Million to the Development Bank of Solomon Islands (DBSI) to assist with the Agricultural sector.
The main purpose of the grant to DBSI is to assist the MAL in evaluating agriculture project proposals with their applications and be assisted along the following lines:
- To provide loan to the farmers, processors and exporters who are already in business and wish to expand or consolidate existing agriculture activities to improve their farm production, processing and export capabilities.
- To provide interest payment support to existing processors who are provided loans to expand operations during the set up period, not to exceed one year.
- To provide loan guarantees to support existing farmers, processors and exporters who are provided loans who wish to upgrade or expand existing farm produce and agriculture products.
Loan Features
| Eligibility | Solomon Islands registered farmers, processors and exporters who wish to expand existing farm produce and agriculture products. |
| Purpose for loan |
|
| Security |
|
| Interest Rate | 8% |
| Term | Maximum of 5 years |
| Establishment Fee | 1.5% of the loan amount or minimum of $750 |
| Minimum Loan | $50,000 |
| Maximum Loan | $300,000 |
Click here to find out more about mandatory documents and other requirements for this loan.
How to apply?
We are always ready to help you get started on your application so please do visit our main branch or a branch nearest to you. You can also Enquire about this product online or download our Standard Forms.
Where to apply?
Our branch is located at: First Floor of Anthony Saru Building. You can also Contact Us from this website.