Development Bank of Jamaica

Country: 
Jamaica
Abbreviation: 
DBJ
Funding Name: 
World Bank Energy JMD
Target group: 
SME
Currency: 
JMD
Eligible Technologies: 
Biomass
Eligibility and other Conditions: 

- Energy audit to be conducted to determine system requirement
- Proof of ability to repay the loan or loan security (collateral) required
- Business plan, where lack of proven credit history

Max. amount: 
$30 000 000
Source of Financing: 
Local
Financing Type: 
Loan
Max. financing amount (% of full project cost): 
90.00%
Interest rate: 
7.50%
Fixed/Variable: 
Variable
Maximum tenor: 
10
Equipment accepted as collateral?: 

In some cases

Accompanying services provided: 

- Grace period on loan repayment of up to 1 year
- List of energy auditors
- Funding of JMD 200,000 towards costs of Energy Audits
- List of equipment suppliers
- Guarantee of 80% of loan amount up to JMD 10 million
- Information on JPS standard offer (net billing) contract, where applicable

Contacts and Further Information: 

Websites:
General portal for loan information: http://www.dbankjm.com/services
List of Approved Financial Institutions (AFIs) and Micro Finance Institutions through which the loans are processed/disbursed: http://www.dbankjm.com/loans-through-afis