• Seychelles
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  • Access to Finance
  • Access to Capital
  • Access to Capital

Access to finance for women entrepreneurs in Seychelles

A number of financial institutions provide financial products which women entrepreneurs in Seychelles can benefit from. Some of these schemes include:

  • Agriculture Development Fund
  • Fisheries Development Fund
  • SME Scheme
  • Blue Grant
  • National Arts and Culture Fund
  • Youth Local Grant
  • Tax Incentives

Some details on these schemes are provided below and it may be accessed through the booklet ‘MSMEs Guide to Incentives’ which can be downloaded on the following link: http://www.esa.gov.sc/wp-content/uploads/2020/09/MSMEs-Guide-to-Incentives-Booklet.pdf

There are several other options for financing your business. These include: funding the business yourself; asking friends and family; seeking a concessionary loan; seeking funding from an angel investor (angel investors are successful businesspersons who focus on helping startup businesses) or; negotiating an advance from a strategic partner or customer.

angle-left Access to capital schemes

Access to capital schemes

 

Seed Capital Grant Scheme:

Businesses with annual turnover below SCR 2 million and not older than 36 months old from date of business registration Up to SCR 50,000
No interest
Personal contribution - Nil
Have to follow the Seed Capital Grant
Scheme guidelines available by contacting;

Enterprise Seychelles Agency (ESA)
Tel: (248) 4289050

Agriculture Development Fund:

Registered full time farmers
Up to SCR 1 Million
Interest – 2.5%
Repayment – Maximum 12 years
Personal contribution – Nil
Grace period – 6 months depending on type of project

Development Bank of Seychelles (DBS)
Tel: (248) 4294410

Fisheries Development Fund
Boat owners / Fish processing
Export
Up to SCR 7 million
Interest – 3%
Repayment – Maximum 10 years
Personal contribution – 5%
Grace Period – 12 months

Development Bank of Seychelles (DBS)
Tel: (248) 4294410

Seer ep Loans:

SMEs with turnover less than
SR 6 million and Households
Up to SCR 150,000
Interest - 5%
Repayment – Maximum 5 years
Personal contribution – Nil up to SCR 75,000 and 2.5% above SCR 75,000
Commercial Banks,


Development Bank of Seychelles (DBS) and Credit Union
Tel: (248) 4290190/4290100

PV Rebate Scheme For Grid-Tied Rooftop Systems:
Businesses and households
Residential rebate rates: 25% of installation cost using $2.8 per Watt for installations up to 3kiloWatt
Commercial rebate rates: 15% of installation cost using $3.2 per Watt for installations up to 15kiloWatt

Seychelles Energy Commission (SEC)
Tel: (248) 4610818
Development Bank of Seychelles (DBS)
Tel: (248) 4294410

SME Scheme
SMEs with turnover less than SR 6 million
NOTE : Not for retail or wholesale previous loans
Up to SCR 3 million next SCR 2 million
Repayment – Maximum 7 years
Personal contribution – Minimum 2.5%
Grace Period – Depends on project
Commercial Banks, Development Bank of Seychelles (DBS) and Seychelles Credit Union

Blue Grants Fund
Businesses and organizations involved in protected areas management, fisheries and the “blue economy”.
Small (SCR 100,000 / 1 year); and
Large (SCR up to 1 million / 2 years)
SeyCCAT opens a competitive request for proposals once or twice per year.
Website: www.seyccat.org

Blue Investment Fund
Businesses involved in / businesses interested in entering the sustainable seafood value chain.
Concessional loans (approx. 3%): a revolving fund to extend commercial loans to projects aimed at sustainably expanding the seafood value chains.

Development Bank Seychelles (DBS)
Tel: (+ 248) 4294410

Childminder Grants
Childminders and Childminding assistants
• SCR 5000 for childminder assistant;
• SCR 10000 for childminding equipment.


Note:
• Free refresher child minding trainings are provided every two years.

Institute for Early Childhood Development (IECD)
Tel: (248) 4673700

My First Job Scheme
Youth, graduates need to provide:
• Recognized Authority;
• Copy of License issued by SLA, where applicable; and,
• Copy of pay slips.

For those registered as an employer on the employer’s database. Refund of 40% of salary for a period of 1 year, refund to be
capped at SCR 7000 a month.

Department of Employment
Tel: (248) 4297200

Small and Medium Enterprise Fund
7% on the remaining 2 million.

Development Bank of Seychelles (DBS)
Tel: (248) 4294410

Disclaimer: Rates contained herein are representative as of date. Rates and
availability of funds are subject to change without prior notice, based on
availability of funds at the discretion of the bank.

 

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