FSMDB Livelihood Loan Program
The FSMDB Livelihood Loan Program has been designed to assist FSM citizens and residents with the demonstrated ability to repay loans. A loan can be requested for:
- Purchase of furniture and fixtures
- Purchase of vehicles
- Purchase of boats and engines
- Personal and family purposes
- Educational expenses
- Other purposes are acceptable to FSMDB
Eligible applicants must be FSM citizens or resident of 5 years, permanently employed, have a good credit record, and be at least 18 years of age. The minimum loan amount is $1,000, and the maximum loan amount is $50,000.
How to Apply
To apply for an FSMDB Livelihood Loan Program, please download the following documents in the order listed below. Each document contains important information and requirements needed to complete your application. For FSMDB branch contact information, click here.
* Livelihood Loan Program Application Form
Please download and review all three (3) documents before submitting your application:
- Review the checklist to ensure you have all the required supporting documents before proceeding.
- Complete the application form in full and sign where required.
- Complete this form by selecting how you wish to pay the Loan Fee and Credit Life Insurance (CLI) Premium.
- Once you have completed all required forms and gathered the necessary supporting documents, submit your application package to the nearest FSMDB branch office. If you have any questions or need assistance, please contact one of our Loan Officers or visit your nearest FSMDB branch for guidance.
If you are experiencing any issues downloading application forms or other documents from our website, we are here to assist you. Please contact us via email at info@fsmdb.fm, and we will promptly provide the materials you need. We are committed to ensuring that all members of the public have equal access to our services and resources. Thank you for your understanding and cooperation.