Home New loan FDB launches new loan program – FBC News

FDB launches new loan program – FBC News

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The Fiji Development Bank has launched its new loan program for small and medium enterprises.

The program will also allow farmers to access up to $50,000 for their farming business.

FDB board chairman Andre Viljoen said the SME sustainability program will help companies strengthen and expand their operations and accelerate service delivery.

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Economy Minister Aiyaz Sayed-Khaiyum said there was a buzz in the business sector and the government would continue to provide an enabling environment.


“You need to have consistent policies, you need to have the overall goal of getting to your destination, and you don’t make things up as you go along and you also need stability, so stability in an economic sense, in socio-economic level, is also very important.

FDB chief executive Saudi Minam has announced that he will soon sign a memorandum of understanding with Business Assistance Fiji.

Minam says after that, the package should go live by March 7 and customers will be able to access support.

The FDB CEO adds that it will be for SMEs and farmers who want to access up to $50,000 for five-year financing at a rate of five percent.

He says the facility can be accessed digitally through the FDB online application portal.

Minam also revealed that FDB is currently working on its five-year plan.


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