AQUACULTURE LOAN PRODUCT FOR CAGE FISH FARMING

LOAN PRODUCT

The Loan Product will support Individuals, MSMEs and/or Cooperatives interested to start-up and scale-up business in the aquaculture industry under the Commission Empowerment Fund. The funding model will be two (2) Fish Cages at an estimated value of K180, 000.00 for each beneficiary from Luapula, Northern, Southern and other Provincial areas where such Cage Farming opportunities exist.

This Empowerment product is affordable, competitive ,easily accessible and offers a flexible repayment plan.

LOAN INTEREST AND TENOR

The loan will attract twelve (12) percent interest per annum and the tenure shall be a maximum of Sixty (60) months.

PROPOSED SECURITY

Security for this facility will include; landed property, movable assets, account receivables and debentures on assets to be purchased using CEEC loan.

ELIGIBILITY

Eligibility of beneficiaries shall be based on the following;

  • Zambian Citizen running or intending to start-up a business.
  • Beneficiary must be a Zambian Citizen with a Green National Registration Card
  • Must have a viable business
  • Must provide sufficient collateral to secure the loan being applied for.

TARGETED BENEFICIARIES

The Commission targets to empowerment the following citizens;

  1. Youths- 40% (Female and Male individuals between the ages of 18 to 35 years)
  2. Women- 40% (Females above 35 years)
  3. Persons with Disability- 5% (In line with Persons with Disabilities No. 6 of 2012 will include female and male youths, women and men)
  4. Men- 15% (Males above 35 years

MSMEs and Cooperatives who meet the above criteria are encouraged to submit complete Project applications on the Online Portal during the current Call for Applications.

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