a) Promote and develop local entrepreneurial and local ownership
b) Use local raw materials in processing or manufacture.
c) Increase job opportunities for local labor.
d) Promote domestic exports and import substitution.
e) Adopt technologies leading to lower costs and improved standards of goods or services.
f) Lead to an increase in the incomes and living standards of people, particularly those at the Village or grass roots level.
g) Broaden the base of the domestic economy.
h) Agriculture, fisheries and tourism.
Repayment Term:
Interest rate is set at 7%
Base on request from applicant(s)
Authority to release information
Photo of existing project
Loan Agreement
Bill of Sale
Chattel Mortgage
Leasehold Mortgage
Loan Action Sheet
Construction Contract
Loan Analysis Report
Land lease Agreement (English, Marshallese)
Promissory Note
Security Assignment
Business Proposal
Executive Summary
Plan (Blueprint)
Business Profile
Management Experience
Loan Request (Project breakdown, materials/costs,quotations)
Loan Repayment
Collaterals
Personal Financial Statements
Business Financial Statements
For current business provide Income & Balance Sheet
For new business provide projected Income & Balance Sheet
Applicant’s Equity (20% or more)
Please visit the MIDB building 2nd floor Rm.# 212 or call 625-3230/3223/5270 ask for Jukulius Niedenthal or Jeremy Tomeing for assistance. jniedenthal@rmimidb.com
Click on the button below to download other necessary documents.