DETAILS OF THE SCHEME
The Ministry of Trade, Investment and Industry, through CEDA, provides loans for the development or acquisition of real estate, mainly for commercial and industrial purposes. The agency also offers manufacturing loans for setting up or buying existing manufacturing enterprises. Loans are available for the expansion of enterprises not bonded to CEDA and for businesses with existing CEDA facilities.
Objectives
- Foster citizen entrepreneurship and empowerment by encouraging a local entrepreneurial culture through funding.
- Support entrepreneurship development by exposing citizen entrepreneurs to a range of business financing packages, including opportunities in the money markets and institutional investors.
Eligibilty Criteria
- Environmental Impact Assessment (EIA) (where applicable).
- Approved building plans (should be less than two years old).
- Three quotations from construction companies for labor and materials
- Bill of Quantities conducted by a qualified Quantity Surveyor
- Soil test report.
- Structural report
- Deed of sale or offer of sale
- Valuation report
- Pre-lease agreements
- Provisional lease agreements for premises to be occupied
- Compliance with health and safety standards
Ministry of Trade and Entrepreneurship
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