Climate Adaptation Financing Facility (CAFF)

The Climate Adaptation Financing Facility (CAFF)

The Climate Adaptation Financing Facility (CAFF) is a component of the Saint Lucia Disaster Vulnerability Reduction Project (DVRP). The DVRP and the CAFF are intended to help Saint Lucia reduce vulnerability to natural hazards and climate change impacts.

Loans under the Climate Adaptation Financing Facility (CAFF) are available to the following sectors:

Agriculture
Housing
Manufacturing – Tourism – Services

Loan terms and conditions:
Agriculture	Household (Home Improvements)	Manufacturing / Tourism / Services
XCD $2,700 – XCD $100,000	XCD $2,700 – XCD $100,000	XCD $2,700 – XCD $150,000
Term not to exceed 10 years	Term not to exceed 7.5 years	Term not to exceed 10 years
Interest rate: 5.5% – 7.5%	Interest rate: 4.5% – 6.5%	Interest rate: 4.5% – 6.5%

Loan purposes:
Agriculture	Housing	Manufacturing / Tourism / Services
Drought and disease-resistant crops Fertilizers Water holding facilities Drainage Soil stabilization Rainwater harvesting Irrigation systems Greenhouses Storage facilities Renewable energy alternatives	Guttering and fittings Retaining walls Drainage Rainwater harvesting Water holding facilities Retrofitting of roofs Renewable energy alternatives Remodeling of buildings Land conservation Structural reinforcement	Renewable energy alternatives Rainwater harvesting Water holding facilities Alternative technologies Plant remodeling Retrofitting Business continuity plans Consultancies and feasibility studies Energy-efficient equipment

Other Lending services