Wednesday, May 29, 2024
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Loans for 1000 women entrepreneurs approved

The Fiji Development Bank has reached a momentous milestone in its mission to provide finance for Women Entrepreneurs by approving 1000 loans.

This has been achieved in the last 14 months and FJD $2.5 million worth of loans have been approved to date.

FDB chief executive, Saud Minam said this achievement not only signifies their unwavering commitment to Gender Equality and Social Inclusion Policy (GESI) but also reflects the diverse and widespread support they have received from various regions across the nation.

“We firmly believe in the transformative power of women in business and their contribution towards society.”

“To provide a deeper insight into this milestone, we are delighted to share the applications received from all over Fiji including the outer islands of Batiki, Cikobia, Gau, Kadavu, Koro, Lakeba, Moala, Moce, Moturiki, Ovalau, Rotuma and Vanuabalavu however it is dominated by Central/ Eastern part of Fiji.”

He said FDB’s use of digital outreach has been pivotal in breaking down geographical barriers, providing equal access to financial opportunities, and facilitating financial literacy programs.

“This approach has made banking services more accessible, ensuring that individuals, especially those from the outer islands, have the information needed to make informed financial decisions.”

Minam said the bank’s commitment to supporting women entrepreneurs throughout the nation is clear, transcending geographical boundaries.

“The FDB’s focus on sustainability in serving customers, while remaining adaptable to environmental changes, showcases a forward-thinking approach in their efforts to support women entrepreneurs and the wider business community.”

“The Bank emphasizes on the broad reach and impact of our efforts to support women entrepreneurs throughout our nation. Our commitment to empowering women in business knows no geographical boundaries.”

“The Bank is always working towards its goal, to remain sustainable in serving our customers while adapting to the changes in our environment,” he said.

Reginald Chandar
Reginald Chandar
Head of News & Sports | news@fijilive.com

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