Development Finance Corporation (DFC)

Provided by:

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Country:

Belize

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More info:

This program targets women over 18 years old, men between 18 and 29 years old, and legal entities such as startups, cooperatives, and associations with majority participation by women or young adults. It offers financing of up to 90% for new projects or existing businesses, with amounts ranging from microloans of BZD $2,500 to loans of up to BZD $75,000, at interest rates between 7.5% and 9.5%. Loans can be used for capital investment, working capital, marketing, training, and legal fees, with a repayment term of up to 72 months, a 12-month grace period, and benefits for good repayment history. Collateral, financial records, and a 10% borrower contribution are required.