Loan Participation

The PIDB and one or more co-lenders may finance a Bank project together. Each lender makes its loan or grant on its own terms using its own documentation. The PIDB acts as the lead agency in most cases, providing substantial input to the co-lenders during the preparation of the project. The PIDB and the co-lenders enter into a co-lenders´ agreement (Memorandum of Understanding) that defines the areas of cooperation and describes the services (e.g. administration of the loan, usually against a fee. Loan Participation provides an option for participating banks to share the risks and benefits of larger and more sophisticated financing and credits. This service also enables PIDB to participate in projects and businesses that are regional in scope which is the main focus and objective of PIDB.

 

Procedures:

  • Submit your loan application and business proposal to PIDB or any of the lending institutions or commercial banks in your respective locations.
  • Consult with PIDB or any of the lending institutions in the region on if the financing or loan requested is substantial.
  • The banks will notify you if a group of banks are willing to participate.

PIDB Scholarship Application

ANNOUNCEMENT

In its effort to contribute to the education and development of human resources, Pacific Islands Development Bank (PIDB) is again offering scholarships for the upcoming school year 2011-2012. An applicant must be a citizen of any of the following PIDB member jurisdictions...

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Instructions & Application Form

 

News »

PIDB Board Reviews 2010 Results, Elects New Officers

Colonia, Yap - The Board of Governors of the Pacific Islands Development Bank (PIDB) held its annual meeting in Yap on February 28, 2011. Board Chairman and Governor of Yap State, Sebastian Anefal, called the meeting to order, welcomed everyone to Yap with special recognition to new Board members including...

 

How To Apply »

Our Checklist of general requirements and sample forms may be downloaded from our website. Our loan process is very simple.

 

Downloads »

Download Loan Packages Forms in PDF Format

 

Links »