Up to US$3 Million Loan | 4% interest rate | Up to 15 Years Repayment
NEW: Personal contribution is now reduced to 10%
The Blue Investment Fund: your capital partner for investing in sustainable fishery value chains
The Blue Investment Fund (BIF) is a loan scheme developed specifically to support the expansion of sustainable fishery value chains in Seychelles. We offer up to US$ 3 million (in SCR equivalent) at an affordable 4% interest rate to help you scale up your business for a greater impact.
The Blue Investment Fund is a novel financing scheme in Seychelles that offers affordable large-scale loans for businesses in the fisheries sector. The loan scheme is designed to accelerate the commercial development of fisheries value chains and help businesses grow.
Whether your business produces seafood goods, offers logistics and scientific services, or helps local fish producers to access international markets, the BIF can offer you financial leverage to see your business thrive.
The BIF is capitalized with the proceeds from the world’s first Sovereign Blue Bond. Together with the Blue Grants Fund (managed by Seychelles Conservation and Climate Adaptation Trust, SeyCCAT), the BIF is a part of the Blue Finance approach of the government to streamline innovative capital to building a resilient blue economy in Seychelles.
BIF Loan Details
|
Amount |
Min SCR equivalent of US$10,000 - maximum US$3 million; |
|
Interest rate |
4% fixed rate |
|
Repayment time |
Up to 15 years |
|
Financing coverage |
Up to 90% of the project cost (10% of the project cost to be contributed by the applicant as co-financing) |
|
Required documents |
BIF Loan application, business plan, supporting documentation |
Who can apply
Seychellois individuals
Locally registered civil society organizations
Locally registered, Seychellois-majority owned firms:
- Small and medium-sized fisheries enterprises
- Larger public-private partnerships
- Local-foreign Joint Ventures (Local Partner should be the majority shareholder)
How to Apply
1. Read the current eligible activities instructions and identify the eligible activity that characterizes your proposed project
2. Consult the list of exclusions
3. Find detailed information on each step of the application process in the Loan Application Manual
4. Download the Loan application forms:
5. Fill out the Business Plan template:
6. Please use our Checklist to make sure you have all your documents (incomplete forms will not be accepted).
7. Use our Environmental and Social Management Framework, as Amended and Process Framework in preparing your application.
SWIOFish3 Grievance Redress Mechanism
Complaint resolution system for the SWIOFish3 project and project activities financed through the BIF disbursed by DBS and BGF disbursed by SeyCCAT.
Submit a complaint (link to https://grm.swiofish3.sc/)
For more information, please visit www.swiofish3.sc/grm
Download the brochure: English or Creole