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Dec

A cash donation from the AID Bank to the Christian Union Primary School contributed to...

Dec

In December 2016, AID Bank left an indelible impression on some of the pupils at...

Dec

In the spirit of the Christmas Season, the staff of the Dominica Agricultural Industrial...

Agriculture Loan



 

More than the food we eat!

AID Bank understands both the opportunities and the challenges faced by the agriculture sector and recognizes that facilitating agricultural investments will contribute positively to food security, economic growth, and social well-being while creating linkages with other sectors, such as tourism and manufacturing.

 

Interest rate: 6-10% on reducing balance*

Repayment period: up to 12 years

Optional grace period on principal: up to 24 months

*Interest rate depends on the type of project and the source of loan funds. 

 

Use of funds for Agricultural projects (includes but not limited to):
  • Crops;
  • Horticulture;
  • Poultry;
  • Livestock;
  • Farm vehicles;
  • Machinery;
  • Equipment;
  • Feeder roads;
  • Farm houses;
  • Fishing vessels;
  • Fishing gear and equipment;
  • Agri-businesses
  • Inputs
  • Labour

 

To qualify you must:
  • Be a citizen of the Commonwealth of Dominica
  • Be over 18 years of age
  • Provide a Business or Farm plan (may be required, click HERE for sample format)

 

Benefits:
  • No hidden charges
  • Optional grace period on Prinicpal
  • Technical Support
  • Subsidised project supervision reports for construction activities
 

To apply call 448-2853 for an appointment with a Credit officer or come in to talk with us!