| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
| Enterprise Development Facility |
|
|
|
|
|
| Enterprise Development Finance |
Financing earmarked for emerging entrepreneurs within the context of previous disadvantaged groups seeking to start or expand medium sized businesses
|
|
|
| |
Sector identification |
|
• Enterprises involved in agro-industry, fishing, ICT, manufacturing, mining, services, tourism, transport. |
|
|
| |
Eligibility |
|
• Viable start-up businesses
• Expansion of existing businesses
• Management buy-in into existing businesses
• Management buy-out (take-over) of existing businesses
• Namibian citizenship or permanent residence status
• Majority Namibian owned business
• Promoters with good track record |
|
| |
Financing options |
|
• Subordinated debt/mezzanine financing
• 20% own contribution
• Current minimum of N$ 3 million |
|
| |
Security |
|
Determined on a project by project basis. |
|
| |
Repayment period |
|
Maximum 5 years (including grace period). |
|
| |
Interest rate |
|
• Determined on a project by project basis.
• Interest may be capitalised during the grace period. |
|
| |
Grace period |
|
• Tailored to the construction and ramp up of the project. |
| |
| • Download Application Form |
| • Business Plan Guide |
| |
| |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
