Development Finance Corporation (DFC) is the only development bank in

Belize Belize (; bzj, Bileez) is a Caribbean and Central American country on the northeastern coast of Central America. It is bordered by Mexico to the north, the Caribbean Sea to the east, and Guatemala to the west and south. It also shares a wate ...

, Central America. Established on September 27, 1963, the bank provides micro sector enterprise (small business) loans, home loans, student Loans, productive sector loans (agriculture, manufacturing, fisheries, etc.) and from 2016, renewable energy and energy efficiency loans for businesses. Between 2009 and 2016, the DFC has invested over $160 million in the people and economy of Belize. DFC is not a cash-deposit Bank. The Corporation accesses financing from larger regional and international lending institutions at attractive rates for lending to Belizeans Citizens, Residents, companies, cooperatives and other bodies with Belizean majority share Interest. Its purpose is to support the strengthening and expansion of Belize's economy by providing developmental financing on an economically sustainable and environmentally acceptable basis to individuals, businesses and organizations.

History

The Development Finance corporation was established in Belize, Central America on September 27, 1963, under the DFC Ordinance No.2 of 1961 as amended by No. 15 of 1963. It was owned by the private sector. In 1973 DFC was restructured and became a financial institution owned by the Government of Belize. This entity fell under the responsibility of the Ministry of Finance and Defense. The DFC operates under the New DFC Act No. 1 of 2009 of the Laws of Belize. On September 27, 2013, the Corporation celebrated 50 years of service to Belize, also unveiling its new logo. Always innovating, DFC introduces Renewable Energy and Energy Efficiency Financing for businesses.

Branches

* Headquarters -

Belmopan Belmopan () is the capital city of Belize. Its population in 2010 was 16,451. In addition to being the smallest capital city in the continental Americas by population, Belmopan is the third-largest settlement in Belize, behind Belize City and Sa ...

Corozal Town Corozal Town is a town in Belize, capital of Corozal District. Corozal Town is located about 84 miles north of Belize City, and 9 miles from the border with Mexico. The population of Corozal Town, according to the main results of the 2010 census ...

Orange Walk Town Orange Walk Town is the fourth largest town in Belize, with a population of about 13,400 (Official Release of the Main Findings of the 2010 Population and Housing Census). It is the capital of the Orange Walk District. Orange Walk Town is locate ...

Belize City Belize City is the largest city in Belize and was once the capital of the former British Honduras. According to the 2010 census, Belize City has a population of 57,169 people in 16,162 households. It is at the mouth of the Haulover Creek, w ...

* San Pedro *

Dangriga Dangriga, formerly known as Stann Creek Town, is a town in southern Belize, located on the Caribbean coast at the mouth of the North Stann Creek River. It is the capital of Belize's Stann Creek District. Dangriga is served by the Dangriga Airpo ...

Economic impact

Between 2009 and 2016, the DFC has invested $163 million Belize dollars in the people and economy of Belize. Productive sector lending represent 69.5 per cent of DFC's total loan portfolio. , the DFC hold 6,439 loan accounts.

References

{{Authority control Banks of Belize Banks established in 1963 Government of Belize National development banks