Kula Fund

PRIVATE SECTOR ASSISTANCE

1. Name of Organisation :
Kula Fund

2. Assistance Scheme/Program :
The Fund is established to provide funding through equity or quasi equity for businesses expected to make a positive contribution to the economic development of countries in which they are located. The minimum investment in any new business must be at least USD$200,000 (equivalent in local currency). The normal range for investment will be USD$750,000 to USD$1.25 million with a target investment of USD$1 million.

The Fund will not take a majority position in any project. For further details on this contact the fund at the address above.

3. Criteria :
Papua New Guinea, Fiji, Solomon Islands, Vanuatu, Tuvalu, Tonga, Samoa, Nauru, Micronesia, Cook Islands, Marshall Islands and Kiribati are all eligible for investment by the Fund. Without restricting the areas it will consider, the fund will focus on:

agribusiness;

mineral processing for export;

tourism;

building and construction materials

manufactured products especially utilising local material, for export;

telecommunications;

transport (road, rail, air and sea);

private sector infrastructure; and

commercial property development

The following sectors are excluded:

armaments;

public broadcasting;

tobacco;

education, public hospitals.

1.	Name of Organisation	:	Kula Fund

2.	Assistance Scheme/Program	:	The Fund is established to provide funding through equity or quasi equity for businesses expected to make a positive contribution to the economic development of countries in which they are located. The minimum investment in any new business must be at least USD$200,000 (equivalent in local currency). The normal range for investment will be USD$750,000 to USD$1.25 million with a target investment of USD$1 million. The Fund will not take a majority position in any project. For further details on this contact the fund at the address above.

3.	Criteria	:	Papua New Guinea, Fiji, Solomon Islands, Vanuatu, Tuvalu, Tonga, Samoa, Nauru, Micronesia, Cook Islands, Marshall Islands and Kiribati are all eligible for investment by the Fund. Without restricting the areas it will consider, the fund will focus on: agribusiness; mineral processing for export; tourism; building and construction materials manufactured products especially utilising local material, for export; telecommunications; transport (road, rail, air and sea); private sector infrastructure; and commercial property development The following sectors are excluded: armaments; public broadcasting; tobacco; education, public hospitals.