Fiji Development Bank (FDB) Dairy Farming Loan

The Fiji Development Bank (FDB) Dairy Farming Loan under the Agriculture Value Chain Financing (AVCF) is specifically designed to assist (established) existing and new dairy farmers registered with Fiji Cooperative Dairy Company Limited (FCDCL) to access financing solutions for their farming needs.

  • Loan Features
  • Maximum Loan Amount
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Loan Features

 

Maximum loan term of 5 years

Interest Rate of 4.98% per annum

Minimum equity of 10% cash and/or sweat equity subject to viability

No application Fees

Guaranteed Market Access

Normal FDB screening for credit assessment applies.

 

 

 

Financing Limits

Maximum Loan of $100,000.00

 

FAQ’s

What is the Dairy Farming Loan- Agriculture Value Chain Financing Model?

This facility is specifically designed for new and existing dairy farmers who can take advantage of the 4.98% Interest Rate per annum, with loans up to $100,000 whereby the loan term is subject to the loan purpose.

Through this facility, the dairy farmers are connected with the suppliers, providing them with a guaranteed market for their produce. The guaranteed supplier engaged under the Agriculture Value Chain model for dairy is Fiji Cooperative Dairy Company Limited (FCDCL).

What are the loan purposes?

The facility is available to cover any direct related financing request to accommodate any of the following:

  1. Land Development
  2. Land Purchase
  3. Farmhouse construction / renovation
  4. New and used Farm Vehicle, Machinery, Equipment, & Implements
  5. Working Capital -Capex/Opex (Office equipment)
Who is eligible to apply?

Open to existing and new dairy farmers registered with Fiji Cooperative Dairy Company Limited (FCDCL).

What are the pre-qualification requirements?
  1. Confirmation Letter and registration from Fiji Cooperative Dairy Company Limited (FCDCL).
  2. Evidence of farm productions for past 2 years.
  3. Support Letter and brucellosis/tuberculosis latest record result from Ministry of Agriculture (MOA).
  4. Birth Certificate
  5. Photo ID (Voter Identification Card/Passport/Driving License/Joint FRCS/FNPF Card/Driving License)
  6. Business Registration Certificate (if applicable)
  7. Details of other borrowing (statements)
  8. Title, current lease or approval notice over land to be used.
  9. TLTB statement to confirm rental payment.
  10. Quotations and detailed costs
How can I apply and submit the pre-qualification requirements?

You can apply for this loan safely from the comfort of your own home – apply online. Applicants are to submit their loan application and upload the requirements through this portal.   If you face difficulties you can contact us via email info@fdb.com.fj or contact your nearest branch for assistance.

What are the security requirements?
  1. Assignment over Milk Proceeds.
  2. Any other alternate security that could be provided.
Application Fees

Nil Application fees. Other fees and charges apply as per our fees and charges schedule.

Who can I contact?

Call a Branch close to you – Find our branches  OR email us at info@fdb.com.fj