All the logistical preparations for the establishment of the Development Fund have been completed and recommendations have been made to Government. Many stakeholders were involved in the preparations. They included: Co-ordinated Representation of the Private Sector in Lesotho (Corpsol), Privatisation Unit, Ministry of Finance, Basotho Enterprise Development Corporation, Ministry of Trade & Industry, Cooperatives and Marketing (MTICM), Lesotho National Development Corporation (LNDC), the Central Bank and the financial institutions including the registered money lenders. The main objective of the scheme is to assist Basotho entrepreneurs to access credit from the financial sector. The participating financial institutions are to disburse all the loan proceeds accordingly once the necessary conditions have been met by the applicant. Thereafter, the participating financial institutions shall submit their claim of 80 per cent of the disbursed amount from the fund. The loan repayment shall be through the participating financial institutions. In their collections, the financial institutions shall submit the 80 per cent of the repaid principal and 50 per cent of interest raised to the fund (at CBL) and keep the other 50 per cent of interest as an incentive to them for their participation in the scheme.