The Loden programme is able to make available interest free loans, usually repayable over 3 years after an initial repayment holiday of up to 6 months. The term of repayment will be linked to the nature of the business, for example the period will be longer for an agricultural proposal where there is a growing and maturity cycle. Most types of business will be considered for support, whether in service, farming or manufacturing sectors, provided they comply with Buddhist principles and are expected to create employment opportunities.
Loans are interest free, the maximum that can be advanced is Nu 1,500,000 (15 lakhs). Although no security is sought, we do require a guarantor.
Loans are made twice a year , in April and November. Candidates are invited to submit proposals, with announcements calling for the submission of business plans being made on social and traditional media channels. Business plans are reviewed and a shortlist of proposals drawn up where the candidates will be invited to discuss their plans in front of a panel of experienced Loden executives, supporters and Bhutanese entrepreneurs.