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HISTORY OF DBM HISTORY 1936-64- THE BEGINNING MAURITIUS - - PowerPoint PPT Presentation
HISTORY OF DBM HISTORY 1936-64- THE BEGINNING MAURITIUS - - PowerPoint PPT Presentation
HISTORY OF DBM HISTORY 1936-64- THE BEGINNING MAURITIUS AGRICULTURAL BANK (MAB) Providing Medium & Long-term finance to the Agricultural Sector HISTORY OF DBM ROLE OF DBM 1964-1988 EXPANSION ERA DEVELOPMENT BANK OF MAURITIUS
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ROLE OF DBM
1964-1988 – EXPANSION ERA DEVELOPMENT BANK OF MAURITIUS
- From Agriculture to Industry &
Tourism
- Pioneer in providing Factory
Space (1975)
HISTORY OF DBM
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1989-2017-ASSIST IN REALISATION OF GOVERNMENT VISION
DEVELOPMENT BANK OF MAURITIUS LTD
- Small Business Financing
- SME Parks
- Computer (3%) & Educational loans
YOUR STATEGIC PARTNER IN DEVELOPMENT
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SMALL BUSINESS FINANCING MICROCREDIT
REVAMPING OF DBM SCHEMES
CREATING OF NEW GENERATION OF ENTREPRENEURS
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MICROCREDIT SCHEME SECTORS FINANCED
Agriculture Manufacturing Artists Handicraft Fishing
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MICROCREDIT SCHEME TERMS AND CONDITIONS
AMOUNT
- Maximum loan amount ≤ Rs250,000
- 90% Cost of Project
RATE
- Interest Rate = 6% p.a.
- Repayment Period up to 5 years(Depending on
the project)
- Moratorium during gestation/implementation
period (up to 1 year)
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Agriculture Agro-Business & Bio-Products Trade & Services Tourism ICT &Web-related Construction Transport Blue Economy Fishing Manufacturing Professionals Renewable Energy Innovative Ideas
SMALL BUSINESS FINANCING SCHEME SECTORS FINANCED
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SMALL BUSINESS FINANCING SCHEME TERMS & CONDITIONS
AMOUNT
- Maximum loan amount ≤ Rs 3M
- 75 % Cost of Project
RATE
- Interest Rate = 9 - 10 % p.a.
- Repayment Period up to 5 years(Depending on
the project)
- Moratorium during gestation/implementation
period (up to 1 year)
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PREPARATION OF THE CREDIT FILE
Financial (Accounts, bank statements, …..)
Collateral-related (Title deed, site plan, valuation report..…)
Project-related (Permits, quotations, …..) Legal (BCs, MCs, NIDs, Company Docs…..)
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COLLATERAL /SECURITY LEGALITY – PERMITS/LICENCES VIABILITY OF THE PROJECT/CAPACITY TO REPAY CREDIT HISTORY – MCIB –BORROWER/PROMOTER/GUARANTOR
ELIGIBILITY BASIC EVALUATION CRITERIA
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MUCH MORE THAN A PROVIDER OF FINANCE
Free Advice to Potential Entrepreneurs Assistance in Preparation of Business Plan Close Monitoring of the Project (site visits before, during and after Implementation) Special Desk for Women Entrepreneurs Provision of Industrial Space for SMEs
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Business ≠ You (Business Entity Principle) Your income = Salary Business loan ≠ Construct house/Personal Expenses Fixed Assets = Medium/Long-term Finance Deposit all cash into Bank account & Use cheque book for payments Detailed Partnership Agreement
“FAIL TO PLAN = PLAN TO FAIL”
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DBM – CONTACT DETAILS
HEAD OFFICE – CHAUSSEE – PORT- LOUIS PHONE:-203-3600 EMAIL:-dbm@intnet.mu
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CUREPIPE 670-0282 SURINAM 625-8793 FLACQ 413-1562 TRIOLET 261-1064 GOODLANDS 283-2305 RODRIGUES 831-0077
DBM – BRANCH NETWORK
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