National Micro Finance Unit

Useful for: Fiji

Objective:

More specifically it will strive to achieve the following:

• provide banking facilities to the poverty stricken;
• foster the creation of self-employment amongst the numerous unutilized and under utilized human resources;
• provide the poor with credit and some training so that they can fend for themselves;
• assist the poor break out of the cycle of poverty;
• facilitate rural development;
• decelerate rural-urban migration
• empower the marginalised poor, in particular , women;
• facilitate sustainable livelihood for the poor and disadvantaged.

Project Type:

• All legal business with the exception of money lending

Target Groups:

• 18-60 years old;
• not earning more than $100 per week
• must be resident of the community for over 6 months
• willing to participate in and physically capable of operating an income generating activity
• with good attitude and behavior
• of similar socioeconomic status;
• not fully employed in the formal sector;
• willing to attend a Compulsory training Session.

Selection Criteria:

• Meets the target group criteria
• Passes assessment checks
• Completes Training successfully with viable business plan

Performance Indicators:

• Repayment rate
• Savings rate
• Continuing Viable Enterprises
• Improves standard of living for family.

Contact Details:

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