The Light & Power Employees Co-operative Credit Union Ltd

Country: 
Barbados
Abbreviation: 
LPECCU
Funding Name: 
Home Improvement Loan
Target group: 
Household
Currency: 
BBD
Eligible Technologies: 
Solar Photovoltaic
Eligibility and other Conditions: 

- Must be member of Credit Union for at least 3 months prior to loan application
- Loan limit based primarily on the number of shares owned by the member
- Loans granted at fifteen times the value of shares held with the Credit Union

Max. amount: 
$25 000
Source of Financing: 
Local
Financing Type: 
Loan
Max. financing amount (% of full project cost): 
100.00%
Interest rate: 
11.00%
Fixed/Variable: 
Fixed
Maximum tenor: 
15
Equipment accepted as collateral?: 

No

Contacts and Further Information: 

Websites:
General guidelines for all loans: http://lpeccu.com/loans_guidelines.htm