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Fish Farming Requirements
Fish Farming Requirements
Fish Farming Requirements
Employment generation.
PROJECTED
IMPACT
Direct
Indirect
Total
PROGRAM
LIMIT
MAXIMUM
OBLIGOR
LIMIT
PRICING
N1.0 billion
Up to N50.0 million
Term Loan
Interest Rate:
9% per annum.
Small
8
40
48
Medium
20
100
120
Fees:
1% Processing fee
TENOR
3 5 years
MORATORIUM
COLLATERAL/ Loan
SUPPORT
Amount
(Nm)
5.0 10.0
Security Arrangement
a)
Senior Civil Servant (Level 12 and
above).
b)
Bankers (not below the level of Assistant
Manager) and must have been confirmed by
current employer.
c)
Professionals i.e. Medical Doctors, Lawyers,
Accountants, Engineers, etc.
d)
Senior Staff (not less than a manager) of
reputable quoted Companies, International Oil
Companies, Telecommunications Companies
(GSM providers)
e)
The guarantees must be supported with a
Notarized Statement of Net worth acceptable to
BOI.
b)
Bankers (not below the level of Assistant
Manager) and must have been confirmed by
current employer.
>10.0
20.0
c)
Professionals i.e. Medical Doctors, Lawyers,
Accountants, Engineers, etc.
d)
Senior Staff (not less than a manager) of
reputable quoted Companies, International Oil
Companies, Telecommunications Companies
(GSM providers)
e)
The guarantees must be supported with a
Notarized Statement of Net worth acceptable to
BOI.
Or
1. Bank Guarantee from Commercial Banks
acceptable to BOI.
> 20.0
1. All assets debenture.
2. Legal mortgage on pledged property.
3. Irrevocable Personal Guarantee of the
Chief Promoter of the company.
Or
Bank Guarantee from Commercial Banks
acceptable to BOI.
Loan
90% maximum (inclusive of working
capital from BOI or the SME-friendly banks).
FUNDING
STRUCTURE
Term Loan:
DISBURSEME
NT
REPAYMENT
SOURCE
REPAYMENT
MODE