GOVERNMENT through the Ministry of the Ministry of Agriculture and Livestock (MAL) has announced that the second round to apply for the revolving fund is now open.
The ministry in a statement is accepting applications from interested existing cocoa and copra exporters, traders, and farmers to apply for financial assistance under the Cocoa and Coconut Revolving Fund (CCRF).
The CCRF aims to strengthen the capacity of indigenous businesses involved in cocoa and coconut trading by offering financial support to:
- Purchase cocoa and copra; and
- Provide sea and land transport services for delivering these commodities to markets.
As part of the criteria applicants must hold a Provincial Business License (Cocoa/copra trading) and an active buyer.
Application closes in August.
MAL has established a revolving fund, specifically for the cocoa and coconut industries, to support farmers and agri-entrepreneurs. This fund, totaling SBD$2.26 million, is designed to provide accessible financing for the production, processing, and marketing of these key export commodities.
The initiative is part of the government’s broader strategy to strengthen the agriculture sector, enhance rural livelihoods, and diversify the economy.
