The Ministry of Culture and Tourism (MCT) granted $2 Million to the Development Bank of Solomon Islands (DBSI) is to assist with the tourism industry. The grant comes under the program of Ministry of Culture and Tourism institutional strengthening and capacity building assistance to the tourism operators and tour guide operators in Solomon Islands.

The purpose  of the grant to DBSI is to assist the MCT in evaluating tourism project proposals with their applications and be assisted along the following lines:

  1. To provide loan to the tourism operators who wish to upgrade or expand existing tourism products in line with the Banks’ lending policy.
  2. To provide interest payment support to existing tourism operators who are provided loans who wish to upgrade or expand existing tourism products in line with the Banks’ lending policy.
  3. To provide loan guarantees to support existing tourism operators who are provided loans who wish to upgrade or expand existing tourism products inline with the Banks’ lending policy.

Loan Features

Eligibility Solomon Islands registered tourism operators and tour guide operators who have existing facilities that need to be assisted to during this Covid-19 pandemic
Purpose for loan
  1. To support the tourism operators and tour guide operators with funding to help sustain the economy of the country in these difficult times
  2. TSF to cover the following purposes:
    1. To improve / upgrade existing facilities to meet minimum standard
    2. For Renewable Energy funding 
    3. To assist with transport component
Security
  1. Charge over tourism operator's assets
  2. Guarantee by the MCT under the grant scheme
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.