PROJECT PREPARATION FACILITY (PPF)
The PPF is designed following a trust fund model where Government/LNDC will contribute funding together with external partners, and the LNDC will act as the administrator. Unless otherwise agreed with funding partners, the PPF funds will be disbursed as a pure grant to eligible projects with expected high development effects, subject to project size, preparation needs and fund capitalisation.
Project Preparation Facility
| Description | PPF offered as a grant to finance feasibility assessment/ financial due diligence. |
| Grant amount per customer |
Subject to LNDC during the approval phase, availability of funding andagreements with partners. Standard projects will involve investments with an average size of M 150,000, while large projects will have an average size of M 1,000,000. |
| Pricing |
2.5% application fee to promoters on requested funding within 3 days of application submission 5% admin fee to partners on funding contributions; charged on declining basis. |
| Eligibility | Contribute 20% project costs; LNDC/ NSDP II priority sectors; 3-year track record; no payment default in 3 years; not engaged in negative activities; etc. |
| Supported activities | Pre-feasibility and feasibility studies; Financial, technical, environmental feasibility assessments; Advisory services etc. |
| Performance management | At least 2 transactions a year. Plus resource mobilisation targets from year 3. |
About LNDC
The Lesotho National Development Corporation (LNDC) is the main parastatal of the Government of Lesotho charged with the implementation of the country’s industrial development policies.
“The mandate of the Corporation is to initiate, promote and facilitate the development of manufacturing and processing industries, mining and commerce in a manner calculated to raise the level of income and employment in Lesotho.” more...
Contact us
Lesotho National Development Corporation
Block A, Development House, Kingsway Street
Maseru, Lesotho, 100
- [email protected] or [email protected]
- +266 22312012
- Fax: +266 22310038
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