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Mar

NOTICE
Dear Valued Customers,
In light of the Corona Virus Pandemic, the Dominica...

Feb

DOMINICA AGRICULTURAL INDUSTRIAL & DEVELOPMENT BANK
NINTH CONSOLIDATED LINE OF CREDIT...

Feb

DOMINICA AGRICULTURAL INDUSTRIAL AND DEVELOPMENT BANK

TERMS OF REFERENCE
FOR THE...

Tourism Loan



 

Tourism is everybody's business!

 

Tourism is indeed everybody's business. Apart from being diverse within self, its innumerable linkages to other sectors meet the needs of the many visitors to our shores. Operators within the industry's sub-sectors, from accommodation, to transportation and services can use this loan facility to upgrade the standards of relevant structures and best practices.


Loan limit: Up to 70% of the total project cost

Interest rate: 6 - 9% on reducing balance

Repayment period: up to 12 years

Optional grace period on principal: up to 24 months

 

Use of funds:
  • Accommodation
  • Restaurant and bars
  • Heritage sites and attractions
  • Vehicle rental enterprises
  • Local craft and other approved auxillary services
  • Other Tourism related activities

 

To qualify you must:
  • Be a citizen of the Commonwealth of Dominica
  • Be over 18 years of age

 

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