FDB Small Business Equity Scheme for Fijians and Rotumans.

 1.       Investment in Shares : - For individuals: 

I.                     are you at least 21 years old, a Fiji Resident &

II.                   belong to ONE of the following groups:

•  A Fijian registered in the Native Landowners Register or Vola ni Kawa Bula?
•  A Rotuman registered in the Rotuman Birth Register

        For A Company,Partnership or Co-operative,

Is the business 100% owned by people who fulfil the requirements of 1&2 above.

 FURTHER:  

• Do you have a certificate in a Business/Financial Training course at the National Center for Small and Micro Business or at least 5 years experience in operating a business at supervisory level
• Are you an active member of the company in which investments will be made
• Are you in regular Employment
•  If you are part of a company, is it profitably sound and financially stable
•  Are you able to pay your loan from salary and other income supplemented by dividend proceeds
•  Do you have a good credit history with us or any other bank?
•  Do you have the ability to meet the required equity contribution towards the total cost of the project?
•  Do you have the necessary asset backup to secure the loan sought?

 If YES, then find out more on what we have to offer!

DOCUMENTS TO BE PROVIDED WHEN LODGING YOUR APPLICATION

1.        Business Plan

2.        Business Training Certificate or higher from any recognised institution

3.        Financial Reports for previous two years

4.        Letter of approval from company for the purchase of shares

5.        Evidence of Equity Contribution

6.        Any other Liabilities/Borrowings

2.       Transportation Plant,Equipment & Vessel.

(* Note: a few changes otherwise requirements are the same as above)

FURTHER REQUIREMENTS:

·         Have a business that has $100,000 or below assets and/or annual turnover

·         Have a viable project

·         Possess the necessary skills, qualifications and experience for the intended project.

                                                                                      Vehicles

* Lending to new clients are currently suspended in Nausori and Suva.

                                                                        Marine Vessels/Equipment

DOCUMENTS TO BE PROVIDED WHEN LODGING YOUR APPLICATION.

3.        Quotations of Asset to be purchased

4.        Cash Flow Projections - for new businesses

5.        Financial Statements for 2 years - for established businesses

6.        FOR VEHICLE PURPOSE

·         LTA Certificate of Road Worthiness

·         LTA Driving Licence appropriate to Class of Vehicle

·         Evidence of Contract

·         For Taxi Operators - A Taxi Permit and Taxi Base

·         For Hire Car Operators - a Hire Plate Licence

7.        FOR PURCHASE of VESSEL

·         Marine Department Certificate of Sea Worthiness and Certificate of Registration.