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Eligibility
Any Solomon Island citizen who is of legal age and employed on a full-time basis for at least 2 years.
A hybrid development loan designed to help working Solomon Islanders invest in productive activities, develop traditionally owned land, create additional income and improve living conditions in rural areas — with repayments secured through current salary income.
The Livelihood and Investment Facility, or LAIF, is a hybrid development loan that is not fully developmental in the normal sense. Normal developmental loans are expected to generate enough income to meet operating costs, meet loan repayments and make a profit from loan proceeds.
LAIF funds developmental and livelihood loans, while repayments are made from the borrower’s salary. Borrowers may use the proceeds to pay down their debts quickly and are encouraged to repay as quickly as possible, particularly where further capital may be needed for expansion or a new venture.
LAIF provides the ability to acquire funds to develop traditionally owned land and venture into activities of interest in productive sectors, using current income to secure loan repayments to the Bank.
LAIF is structured to support farming, fishing, entrepreneurial livelihood and investment activities while using the borrower’s salary as the basis for loan repayment.
Any Solomon Island citizen who is of legal age and employed on a full-time basis for at least 2 years.
Farming, fishing or entrepreneurial livelihood or investment activities outlined under the eligibility criteria.
Lien over SINPF retirement savings and a charge over assets under the Secured Transactions Act 2008.
The facility provides loans from $5,000, with a standard maximum of $75,000 and a maximum term of five years. Amounts greater than $75,000 may be considered depending on the ability to pay.
Applicable interest rate for the LAIF facility.
Maximum loan term.
Flat establishment fee.
Minimum amount available under the facility.
Amounts above $75,000 may be considered depending on ability to pay.
Required if repayments for the amount sought are greater than the Bank’s allowable margins.
The items funded through LAIF are intended to assist with developing investments for the future, generate an additional source of income and improve living conditions in rural areas.
Support farming activities undertaken as a livelihood or investment activity.
Finance fishing-related livelihood or investment activities within the facility’s purpose.
Support entrepreneurial livelihood and investment activities that can create additional income.
Visit a DBSI branch, enquire online or download the Standard Forms to begin your application.
Visit the main branch or a branch nearest to you to get started with your application.
Use the online enquiry service to find out more about mandatory documents and other requirements for the loan.
Download the Standard Forms and prepare the information needed for your application.
Our team is available to help you understand the LAIF facility and get started.
Visit our branch at Room 27 of SINPF Plaza.
Visit our branch on the First Floor of Anthony Saru Building.
Make an enquiry to find out more about mandatory documents and other requirements for LAIF, or visit your nearest DBSI branch.