The document outlines the general requirements and requirements based on loan size, type, and purpose for obtaining a loan from the National Development Foundation of Dominica (NDFD). Generally, applicants must provide recent pay slips, credit reports, appraisal and stamp fees. Additional requirements include providing a guarantor, cash deposits, title documents, life insurance assignments, bills of sale, contracts, estimates, and more depending on the specific loan details.

1. REQUIREMENTS FOR A LOAN

2. NATIONAL
DEVELOPMENT
FOUNDATION OF
DOMINICA
OFFICE:
NDFD Building
9 Great Marlborough Street
P O Box 313, Roseau
Commonwealth of Dominica
Telephone:
(767) 448-8631
(767) 448-3240
(767) 449-8141
Telefax: (767) 448-0225
ndfd@cwdom.dm

3. General Requirements
 The most recent salary slip from your place of
employment.
 Credit Reports from Financial Institutions and various
business houses.
 Appraisal fees to be paid to the NDFD and this is
dependent on the size of the loan.
 Stamp fees to be paid to the Government of the
Commonwealth of Dominica.

4. Requirements based on size of the loan
 Guarantor
 Cash deposit or Letter of lien on fixed cash deposits at
other Financial Institutions.
 Certificate of Title - Letter of undertaking from solicitor
when Certificate of Title (COT) will be security and COT is
being processed. A Property valuation is also required for
use as security.
 Assignment of Life Insurance to the National Development
Founda-tion of Dominica (NDFD) Limited.
 Bill of Sale on equipment.

5. REQUIREMENTS BASED ON TYPE OF LOAN
GOVERNMENT CONTSTRUCTION CONTRACTS
 Construction contracts
 Estimates of building works
 All contract proceeds to be assigned to the NDFD
DISTRIBUTIVE TRADE
 Performa invoice
 Lease agreement for owners who require to rent for
business operations.

6. REQUIREMENTS BASED ON TYPE OF LOAN
AGRICULTURE
 Report from Extension officer at the Ministry of
Agriculture
 Estimates for job to be undertaken
 If a sales contract has been secured, authorization on
sales of proceeds will be required.
 If loan is required for the construction of housing for
livestock, approval from Physical Planning Division
and estimates for the construction of the animal house
is required.

7. REQUREMENTS BASED ON TYPE OF LOAN
EDUCATION
 Letter of acceptance from Education Institution
 Invoice of fees to be paid from the Education
Institution
 Salary deduction
HOME IMPROVEMENT
 Estimates for the refurbishing of work.
 Salary deduction.

8. REQUIREMENTS BASED ON TYPE OF LOAN
FISHING
 Recommendation letter from the Fisheries Division.
MANUFACTURING/INDUSTRY
 Business owners must work closely with the Bureau of
Standards prior to seeking financing from the NDFD.
 Lease agreement for owners used as who require to
rent for business operations.

9. REQUIREMENTS BASED ON TYPE OF LOAN
SERVICES
 A vehicular survey report is required
 For the purchase of new vehicle: 15% cash deposit, Bill of
sale on vehicle, Full comprehensive Insurance. Other forms
of security can be provided.
 For the purchase of used vehicle: 20% cash deposit, Bill of
sale on vehicle, Other forms of security can be provided.
 Proforma Invoices for the purchase of goods and services.
 Lease

10. REQUIREMENTS BASED ON TYPE OF LOAN
MISCELLANEOUS
 Performa invoices must be provided.
 Loan must be paid via salary deduction.
EXPANSION OF BUSINESS
 Financial statements of your business for the past year
 Lease agreement from prospective borrower where a
property is being rented for business operation.

11. REQUIREMENTS BASED ON TYPE OF LOAN
PURCHASE OF ASSETS-(vehicles, land, etc)
 Letter of intent to sell for the purchase of assets
already owned.
 A Property valuation is required for the purchase of
property or the use of same as security.
HIRE PURCHASE
 Hire purchase agreement for Hire Purchase loans.