Two Cocoa and Coconut farmers from Guadalcanal sun drying their coconut and cocoa beans
TO ALL APPLICANTS OF THE COCOA/COCONUT REVOLVING FUND
REVOLVING FUND APPLICATION NOW CLOSED AS OF 30TH JANUARY 2025
Two Cocoa and Coconut farmers from Guadalcanal sun drying their coconut and cocoa bean
Submissions for the Cocoa and Coconut Revolving Fund (CCRF) has now closed as of the 30th January 2025.
The Ministry of Agriculture and Livestock (MAL) and CCRF Secretariate will no longer accept nor consider any late submissions after the closing date.
Data entry of all the applications has started in MAL after the closing date. MAL will provide update on these submissions once they are done. All applications that meet requirements will be tabled in Cabinet for noting before funding agreement is signed between the ministry and recipients.
The Ministry will notify and come on media once the 2025 MAL project support is open for its stakeholders again.
MAL CCRF Secretariat wishes to clarify that this project funding is a revolving fund of 1 % interest, meaning successful applicants have to repay the principle money with 1% interest according to a repayment schedule plan. Upon repayment by the successful recipients before others can apply to access the funds.
Further note that MAL will be prioritizing genuine buyers and traders of both cocoa and coconut including transport service providers ONLY.
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