Who can access REDI II

 

Groups of persons who are engaged in existing or new enterprises that are legally registered as a Cooperative, Benevolent or Friendly Society. MSMEs, or any legally established association formed by micro and small farmers and fishers engaged in supplying agro-based products and services and tourism producers (including artisans making handicrafts) and service providers that meet the eligibility criteria may apply.

 

Eligibility Requirements

 

  • The Groups can be registered with the Department of Co-operatives or the Companies Office of Jamaica with the requisite management structure in place.
  • Cash contributions from beneficiaries will range from 5 percent to 60 percent of total subproject costs, depending on the type of beneficiary and the size of the matching grant
  • Market demand is clearly identified
  • Financial feasibility established (Business Plan available)
  • Identification and/or agreement with buyers (Contracts or Letters of Intent)
  • Potential contribution to climate change adaptation/mitigation
  • Potential to enhance climate resilience
  • If the project involves infrastructure, group must have a land title or at least a minimum 20 year lease