Fiji Development Bank (FDB) Loan for Women Entrepreneurs

The Fiji Development Bank (FDB) Loan for Women Entrepreneurs is specifically designed for Women Entrepreneurs with a Valid MSME Business registration certificate for 3 years and in operation for 3 months or more, who require working capital or need to expand their existing business.

  • Loan Features
  • Maximum Loan Amount
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Loan Features

Flexible loan term from 3 years to 5 years depending on purpose of loan and repayment consistency and capacity.

Interest Rate of 12.00% per annum.

A standard Credit Information Reporting Agency (CIRA) search fee of $13.80 per search and loan approval fee of $50.00 applies.

Nil equity on further loan to existing customers.

Normal FDB screening for credit assessment applies.

Minimum equity of 10% subsidized by Government for new customers.

 

Financing Limits

Minimum Loan of $1,000.00 for new customers

Maximum loan of up to $5,000.00 for new customers

Maximum loan of up to $10,000.00 for existing customers

 

FAQ’s

What is the FDB Loan for Women Entrepreneurs?

The FDB Loan for Women Entrepreneurs is specifically designed for Women Entrepreneurs with registered MSME businesses in operation for 3 months or more who require working capital or need to expand their existing business.

The loan facility also has a Parametric Insurance cover with Tower Insurance.

What are the loan purposes?

This loan facility is specially designed for the expansion of existing business or for working capital needs.

Who is eligible to apply?

1. Women-led registered business in operation for 3 months or more.

2. Ownership – women owned or joint ventures with at least 50% local women shareholding.

3. ALL applicants within the legal age limits.

What are the pre-qualification requirements?

1. Birth Certificate.

2. Photo ID: Voter Identification Card/Passport/Driving License/Joint FRCS/FNPF Card.

3. TIN Letter.

4. Valid Business registration certificate for 3 years /certificate of business license/Health license or Canteen license /market master letter/Letters from- SPBD, Ministry of Women, Provincial Councils and Women Entrepreneurs Council (WEBC).

5.  Current utility bills – these would be utility bills for the business/tenancy agreement.

6. Bank statement/M-PAiSA or MyCash Business Transaction statement:
a) New loans -3 months or more
b) Further loan for existing customers-12 months or more

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?

Security will be required in the form of a customer undertaking by the applicant through the “Online Application form”.

Fees and Charges

Nil Application and security documentation fees.However, a standard Credit Information Reporting Agency (CIRA) search fee of $13.80 per search and loan approval fee of $50.00 will be debited to your account.

Who can I contact?

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