NDFD Introduce New Loan Packages for Business Clients

Executive Director of the NDFD, Cletus Joseph

Executive Director of the NDFD, Cletus Joseph

The National Development Foundation of Dominica (NDFD) has introduced two new loan packages which can be accessed by new and existing business clients.

Executive Director of the NDFD, Cletus Joseph, noted the first is the Professional Loan Package targeted at professionals on Island including; engineers, doctors and attorneys.

He said, “What we are doing is that we are providing this special package at an affordable interest rate of 9% per annum on the outstanding balance. It is targeted at both start-up and existing businesses therefore we do not leave anyone out.”

Joseph said they recognized persons with specialized training as individuals who can “make a significant contribution to the development of professionally set up businesses and to be operating at a professional level as well in order to provide the highest quality of service and products to the general public.”

With an approach such as this, he continued, a high standard of service to clients which is becoming more essential in remaining competitive will be provided.

According to Joseph, once you are in their system, and in good standing you are eligible to make use of this open ended loan.

He also reemphasized other special products available for existing and potential clients such as, the 6.5% per annum loan applicable to any business and the special agricultural fund at 5% per annum for amounts under $10,000.

According to Joseph, the objective is to enable persons to put their skills and knowledge to productive use with as little hassle as possible in the process.

He noted, at the NDFD they are always cognizant of the role bestowed upon them for business development.

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