DHI/M&PR/1e/2017/56 Date: 3/8/2016
Press Release: Loden-DHI Fund (second round)
DHI and the Loden Foundation mutually collaborated to promote entrepreneurship in Bhutan by creating a separate financing window called ‘Loden-DHI Fund' under the Loden Foundation. The Loden-DHI Fund was launched in September 2015 and has since successfully completed two rounds of funding. The first round of Nu. 7 million funding was launched in September 2015 and second round of another Nu. 7 million funding was launched in February 2016. Nine entrepreneurs with compelling business proposals from various sectors were selected for each round of funding.
With the successful disbursement of the first and second Loden-DHI Funds, DHI is now providing Nu. 6 Million for the Third Loden-DHI Fund for the year 2017.
The Loden-DHI Fund provides collateral and interest free loans to entrepreneurs interested in starting new businesses or expanding existing businesses, which are viable and will lead to the formation of large size, high growth companies in Bhutan. The initiative aims to promote the culture of entrepreneurship, ease youth unemployment, and contribute towards the overall economic development of the country.
The call for proposals for the third round of Loden-DHI Fund has been made.