Women entrepreneurs share their testimonies about facility
27 September, 2022, 6:15 pm
The Fiji Development Bank’s Loan for Women Entrepreneurs facility was launched about two months ago and so far the bank has processed about 35 per cent of the 1600 applications received so far and 30 per cent of the loans disbursed.
FDB chief executive officer Saud Minam said their aim was to make the loan accessible for all segments of the economy.
The bank held a media conference with some of the recipients of the loan on Friday last week with the women entrepreneurs sharing their testimonies on how the loan had helped them in their respective businesses.
May Fong has been operating her business from the FNPF Plaza for the past three years with her business mainly dealing with pot plants and landscaping business.
Ms Fong said the loan she applied from the FDB was to invest in planter bags which she planned to deliver to women in the rural areas so that they could plant flowers and plants in which would be then bought my Ms Fong’s business.
“These plants and flower trees would then be used in the landscaping projects that we do for other buildings and businesses,” she said.
Ms Fong said by engaging the women from rural areas and villages would provide them with an income earning opportunity.
Another recipient Sofia Ali was able to invest into more tools that would make work easier to her workers in her construction business.
Ms Ali said she had been involved in the construction industry for the past 13 years and had decided to open her own construction business when she realised she had gained sufficient experience in the sector.