$2,261,000.00 COCOA/COCONUT REVOLVING FUND ANNOUNCED FOR FIRST 57 RECIPIENTS
Following an exhaustive scrutiny of all the 636 applications received under the Cocoa and Coconut Revolving Fund (CCRF), the Ministry of Agriculture and Livestock (MAL) is pleased to announce the successful 57 applicants that have satisfactorily met all requirements.
MAL wishes to inform the 57 approved recipients to listen out for further advise for when your grant agreements are ready for signing before funds can be disbursed.
MAL wishes to clarify that this project funding is a revolving fund with minimal interest on the principle amount, meaning successful applicants have to repay the principle amount with interest according to a repayment plan.
The initial 57 recipients are the first batch to be followed by another batch once funds are disbursed. These 57 successful applicants will receive a total funding support of $2,261,000.00 in a form of a soft loan.
30 recipients are for cocoa while 25 recipients are for copra buying and export. And 2 recipients are for transport services (Boat & OBM for loading).
Of the 57 recipients, Western province has 10 copra buyers, Temotu province has 2 cocoa buyers, Malaita province has 9 recipients with 5 cocoa and 4 copra buyers, Makira province has 10 recipients with 7 cocoa and 2 copra buyers and 1 transport service provider, Isabel province has 3 copra buyers, Honiara has 4 recipients with 3 cocoa and 1 copra exporter, Guadalcanal has 13 recipients with 10 cocoa and 2 copra buyers and 1 transport service provider, Choiseul province has 3 copra buyers and Central Islands Province has 3 copra buyers.
The revolving fund was meant to immediately boost cocoa and copra exports by encouraging more local buyers and exporters to actively engage in trading of both commodities.
Selection was based among other criteria on the capacity of the applicant to repay the soft loan within one year, valid business license and sales receipts from exporters and overseas buyers.
MAL strives to promote transparency by publishing all its recipients who receives public funding support through the ministry.
This will apply to all other agriculture projects including its commercial agriculture, cocoa and coconut development support program and food security and livestock industry programs.
Below is the Approved Projects List. Under the First Batch
MAKIRA
| Mirrial Faifu | Mirrial Faifu Copra Buying | Murajanja Village (Ward 2, Ulawa) | Coconut |
| Jerry Wals | Wala Group | Makia Vge, Ward4 (ugi Island) | Service provider ( Transportation) |
| Mark Waisi | MW Mark Waisi | Matanagoa village, Ward 10 | Cocoa |
| Andrew Palamae | Mouta Brothers Enterprise | Mouta Vge, Ward 2 (Ulawa) | Coconut |
| Gaius Nahu | GN Cocoa Buying | Tetere Vge, Ward 20, West Makira | Cocoa |
| Gabriel Epraim | UGC Farmers Trading | Nareke Vge, West Wainoni | Cocoa |
| Davidson Rarumae | Haumauri Investment Service | Waimapuru Plantation, Ward 10 | Cocoa |
| Moses Oli | Closet Investment Limited | Pakera Vge, Ward 9 | Cocoa |
| Solomon Piringi | Solomon Piringi Co2 Cocoa wet ban buyer | Waihaga Vge (W18) | Cocoa |
| Hudson Genesis | GBK cocoa wet bean buyer | WOUA Vge (W18) | Cocoa |
MALAITA
| Edwin Isaiah | E Trust & Fuel Service, Edwin Isaiah Freeman | Laubaelelea Ward 6 | Cocoa |
| Daniel Suidani | GJS Cocoa and Copra Buyer | West Fataleka, Ward 5 | Copra |
| Matrina Una Galo | GML Copra Buyer – Matrina Una Galo | Matrina Una Galo, AeKema (Ward 1) | Copra |
| Jack Olifis | Jack Oifisi | Tabaá Vge ward 9 (N/Malaita) | Cocoa |
| Ralph Plupu | Ralph Boston Pupue | Eliote Vge, w 21, S/Malaita | |
| Simon Nigautah | Simon Ngautaha | Pulue Vge, w21, S/Malaita | Cocoa |
| Hilda Tome | ST Cocoa Exporter – Hilda Tome | Laubaelelea Ward 10 | Cocoa |
| Paul Bernard | TC Family Green Copra Buyers Project | Rohinari-Tasipae Vge, ward 21, W/Areka | Copra |
| David Leong | JED Cocoa Buyer | Namoluluga Vge, Ward 27, W/Kwaio | Cocoa |
GUADALCANAL
| Agnes Pilopaso | APS Enterprise | Okea Vge, North Guale | Cocoa |
| Billy Tonezepoo | Aketame Trading | Komibo, West Guale | Copra |
| Jerold Musi | City Link Group Pty Ltd | Doma Cove, Ward 1 | Cocoa |
| Elvis Kekegolo | Gajendra Investment | Central Guale ward 20 | Cocoa |
| Faustina Zoto | Hapy Cocoa Enterprise | Aligator creek Ward 21 | Cocoa |
| Hudson Loa | Hudson Loa | Central Guale ward 20 | Cocoa |
| Jerry Sukulu | JCS | SST Building Ranadi | Cocoa |
| John Baptist | John Baptist Tura | Mamarei Vge, Sahalu Ward, Visale | Cocoa |
| Moses Karuku | M.K.J & Family Cocoa & Oil Palm Enterprise | Ravu Vge,Ghaobata Ward | Cocoa |
| Malakia Veni | Fantail coconut trading | Ward 18 – Reko Village | Copra |
| Newman Maesala | NMK Cpra Trading | Vunivatu, Marau, East Guale | Copra |
| Philip Peter | Phillip Peter | Vura Vge, Tandai Ward | Cocoa |
| Ben Saemanea | Ben Saemanea and Family | Tangareo Village, Ward 21 | Cocoa |
HONIARA
| Walter Kolelau | Jam Corp Ltd – Walter Koelau | Point Cruz, Honiara | Cocoa |
| Steward Mane | Kokonut Pacific – Bob Pollard | Lungga, Honiara | Cocoa |
| Lakmal Hevagama | Lakmal Hevagama | Point Cruz Honiara | Cocoa |
| Polycarp Houhaneia | P. Tech and Professional services | Henderson, Honiara | Cocoa |
WESTERN
| Aaron L. Gina | Aaron Lipapio Gina | Lale Vge, Ranoga (Ward 6) | Copra |
| David Tau | David Tau | Niarovai Vge, South East Vella, ward 6 | Cocoa |
| Nelson Adovo | Dedede Baito Integrated enterprise | Beiporo Vge, Vella | Copra |
| John Willie | IBIBU Trading Enterprise | Konku Vge, Ranoga, ward 6 | Copra |
| Jonathan Terry | KFC – Jonathan Terry | Sunfly Vge, ward 26, Kolobangara | Copra |
| Melinda Siapu | Melinda Siapu | Maleai Vge, Shortland | Copra |
| Rolland Samas | Koguipo Trading, Rolland Samas | Rendova, Tetepari, W19 | Copra |
| John Redi | Solakive Trading Enterprise | Niarovai Vge, South East Vella, ward 8 | Cocoa |
| Stephen Richardson | Stephen Richardson | Inner Shortland, Western province | Copra |
| Wanese Bosco/Joseph Rerepe | WB Trading | Gaomai Vge, Shortland | Copra |
CENTRAL ISLANDS
| John Holosango | Jay Hetch Enterprise | Baisen Vge, Russel Islands | Copra |
| Lakmal Hevagama | Leonard Ngaham | Marulaon Vge, west Russel | Copra |
| Dennis Maeguani | MD Copra Trading Business | Louna Vge, Russell Is | Copra |
ISABEL
| Patteson Khana | Koloboru copra buying point | Ward 15 – Susubona Village | Copra |
| Wilfred Bonfree | Gigre Copra Buyer | Popoheo, Ward 4 – Hovukoilo | Copra |
| Thomas E.H Chan | Thomas E.H Chan | Garanga, Maringe Kokota | Cocoa |
CHOISEUL
| Wilson Ludusipa | Batena 77 Shop – Wilson Ludu | Ward 5 – Babatana/Sasamunga Village | Copra |
| Manley Kodovoe | Manley Kodovoe | Ward 9 – Choiseul Bay/Poro Poro Village | Copra |
| Murray Rotoava | Murray Rotoava | Ward – Taba/Sagasaga Village | Copra |
TEMOTU
| Beaver Biti | Konnect Marketing today | Lata, Ward 9 | Cocoa |
| Alistair Lemoba | PZTR Investment | Graissio bay Ward 9, Temotu | Cocoa |
Ends//
-MAL Press Release