Official-FDB-logo
✕
  • Home
  • About FDB
    • Corporate Profile
    • Development Financial Institution (DFI) Role
    • Our Mandate & Target Sectors
    • Corporate Governance
    • Our Board Of Directors
    • Executive Team
  • Product
    • Small & Medium Business Loans
    • Working Capital Loan
    • Horticulture, Grains & Pulses Farming
    • Livestock Farming
    • Root Crops, Ginger, Vegetable & Fruit Farming
    • Farm Development Loan
    • Purchase of Farm Land
    • Farm House Construction Loan
    • Farm Land Sub-division Loan
    • Farm Vehicles, Machinery, Implements & Equipment Loan
    • Fishing Loans
    • Sugar Cane Farming
    • Broiler – Small Holder Chicken Farm
    • Building Construction
    • Commercial Property Loan
    • Transport – Freight Purposes
    • Commercial Loans
    • Purchase of New Vehicles, Plant and Equipment
    • Bus Loans
    • Minibus Loans
    • Taxi Loans
    • Beef Farming Loans
    • Coconut Farming Loans
    • Dairy Farming Loans
    • Agriculture Family Loan Facility – Grow As A Family
    • Yaubula Term Deposit
    • Climate & Eco-Finance
    • FDB’s COVID-19 Affected Customer Relief Package
    • Rice Mobility Package
    • Small and Medium Enterprise Sustainability Package
    • Ginger Loan Facility – Agriculture Value Chain
    • FDB Loan for Women Entrepreneurs
    • Sugarcane Farmers Special Loan Facility
  • Locations
  • Media
    • News
  • Education & Feedback
    • Customer Feedback Form
    • Customer Education
    • Covid19 Recovery Scheme
    • FAQ’s
✕
fdb-home
  • Home
  • About FDB
    • Corporate Profile
    • Development Financial Institution (DFI) Role
    • Our Mandate & Target Sectors
    • Corporate Governance
    • Our Board Of Directors
    • Executive Team
  • Product
    • Small & Medium Business Loans
    • Working Capital Loan
    • Horticulture, Grains & Pulses Farming
    • Livestock Farming
    • Poultry Farming
    • Root Crops, Ginger, Vegetable & Fruit Farming
    • Farm Development Loan
    • Purchase of Farm Land
    • Farm House Construction Loan
    • Farm Land Sub-division Loan
    • Farm Vehicles, Machinery, Implements & Equipment Loan
    • Fishing Loans
    • Sugar Cane Farming
    • Broiler – Small Holder Chicken Farm
    • Building Construction
    • Commercial Property Loan
    • Transport – Freight Purposes
    • Commercial Loans
    • Purchase of New Vehicles, Plant and Equipment
    • Bus Loans
    • Minibus Loans
    • Taxi Loans
    • Beef Farming Loans
    • Coconut Farming Loans
    • Dairy Farming Loans
    • Agriculture Family Loan Facility – Grow As A Family
    • Yaubula Term Deposit
    • Climate & Eco-Finance
    • Rice Mobility Package
    • Small and Medium Enterprise Sustainability Package
    • Ginger Loan Facility – Agriculture Value Chain
    • FDB Loan for Women Entrepreneurs
    • Sugarcane Farmers Special Loan Facility
    • Dairy Farming Loan- Agriculture Value Chain
    • Small & Medium Business Loans
    • Working Capital Loan
    • Horticulture, Grains & Pulses Farming
    • Livestock Farming
    • Root Crops, Ginger, Vegetable & Fruit Farming
    • Farm Development Loan
    • Purchase of Farm Land
    • Farm House Construction Loan
    • Farm Land Sub-division Loan
    • Farm Vehicles, Machinery, Implements & Equipment Loan
    • Fishing Loans
    • Sugar Cane Farming
    • Broiler – Small Holder Chicken Farm
    • Building Construction
    • Commercial Property Loan
    • Transport – Freight Purposes
    • Commercial Loans
    • Purchase of New Vehicles, Plant and Equipment
    • Bus Loans
    • Minibus Loans
    • Taxi Loans
    • Beef Farming Loans
    • Coconut Farming Loans
    • Dairy Farming Loans
    • Agriculture Family Loan Facility – Grow As A Family
    • Yaubula Term Deposit
    • Climate & Eco-Finance
    • FDB’s COVID-19 Affected Customer Relief Package
    • Rice Mobility Package
    • Small and Medium Enterprise Sustainability Package
    • Ginger Loan Facility – Agriculture Value Chain
    • FDB Loan for Women Entrepreneurs
    • Sugarcane Farmers Special Loan Facility
  • Locations
  • Media
    • News
  • Education & Feedback
    • Customer Feedback Form
    • Customer Education
    • Covid19 Recovery Scheme
    • FAQ’s
✕
  • Home
  • About FDB
    • Corporate Profile
    • Development Financial Institution (DFI) Role
    • Our Mandate & Target Sectors
    • Corporate Governance
    • Our Board Of Directors
    • Executive Team
  • Product
    • Small & Medium Business Loans
    • Working Capital Loan
    • Horticulture, Grains & Pulses Farming
    • Livestock Farming
    • Poultry Farming
    • Root Crops, Ginger, Vegetable & Fruit Farming
    • Farm Development Loan
    • Purchase of Farm Land
    • Farm House Construction Loan
    • Farm Land Sub-division Loan
    • Farm Vehicles, Machinery, Implements & Equipment Loan
    • Fishing Loans
    • Sugar Cane Farming
    • Broiler – Small Holder Chicken Farm
    • Building Construction
    • Commercial Property Loan
    • Transport – Freight Purposes
    • Commercial Loans
    • Purchase of New Vehicles, Plant and Equipment
    • Bus Loans
    • Minibus Loans
    • Taxi Loans
    • Beef Farming Loans
    • Coconut Farming Loans
    • Dairy Farming Loans
    • Agriculture Family Loan Facility – Grow As A Family
    • Yaubula Term Deposit
    • Climate & Eco-Finance
    • Rice Mobility Package
    • Small and Medium Enterprise Sustainability Package
    • Ginger Loan Facility – Agriculture Value Chain
    • FDB Loan for Women Entrepreneurs
    • Sugarcane Farmers Special Loan Facility
    • Dairy Farming Loan- Agriculture Value Chain
    • Small & Medium Business Loans
    • Working Capital Loan
    • Horticulture, Grains & Pulses Farming
    • Livestock Farming
    • Root Crops, Ginger, Vegetable & Fruit Farming
    • Farm Development Loan
    • Purchase of Farm Land
    • Farm House Construction Loan
    • Farm Land Sub-division Loan
    • Farm Vehicles, Machinery, Implements & Equipment Loan
    • Fishing Loans
    • Sugar Cane Farming
    • Broiler – Small Holder Chicken Farm
    • Building Construction
    • Commercial Property Loan
    • Transport – Freight Purposes
    • Commercial Loans
    • Purchase of New Vehicles, Plant and Equipment
    • Bus Loans
    • Minibus Loans
    • Taxi Loans
    • Beef Farming Loans
    • Coconut Farming Loans
    • Dairy Farming Loans
    • Agriculture Family Loan Facility – Grow As A Family
    • Yaubula Term Deposit
    • Climate & Eco-Finance
    • FDB’s COVID-19 Affected Customer Relief Package
    • Rice Mobility Package
    • Small and Medium Enterprise Sustainability Package
    • Ginger Loan Facility – Agriculture Value Chain
    • FDB Loan for Women Entrepreneurs
    • Sugarcane Farmers Special Loan Facility
  • Locations
  • Media
    • News
  • Education & Feedback
    • Customer Feedback Form
    • Customer Education
    • Covid19 Recovery Scheme
    • FAQ’s
✕

FDB REVIEWS EXPORT CREDIT FACILITY

  • Home
  • Articles
  • Recent News News
  • FDB REVIEWS EXPORT CREDIT FACILITY
FROM DOLL DRESSES TO FASHION DESIGNER
April 11, 2014
FDB SEALS PARTNERSHIP WITH STANDARD CONCRETE INDUSTRIES TO PROMOTE AGLIME.
May 9, 2014

The Fiji Development Bank has reviewed the Export Credit Facility (ECF), an initiative geared towards assisting export oriented businesses that fall under government’s priority sectors for economic development.

FDB acting chief executive officer Nafitalai Cakacaka highlighted that the reason for the review was the under-utilisation of the facility.

“We have reviewed the facility as there has been no movement in the allocation of funds put aside for this facility. We believe that some of the initial terms of the loan facility may have been counterproductive for exporters so we are making the necessary amendments,” said Mr. Cakacaka.

In 2008 the bank received a grant of $1.5MM from the Ministry of Industry and Trade to administer a loan product that would assist in the priority sectors of agriculture, forestry, marine products, mineral water products, ICT and audio visual.

ECF fund can assist new and existing exporters in raising short term working capital requirements for exporting.
“This facility is very suitable for exporters. When products are exported, payments are not received up front as the process takes time. ECF provides fast money for meeting the exporting costs and allowing borrowers to repay these once proceeds are received from their exports.”

Some of the amendments to the facility include;

  • Increase in the loan term from 6 months to 1 year;
  • Increase in maximum loan amount to $500,000 from $200,000
  • Funds can be used as working capital for equipment purchases and expenses related to export; financing of both tangible and intangible assets in the ICT and Audio/Visual sectors. Tangible assets refer to those that provide/facilitate an enabling environment in the production of a movie or documentary product for export for example copyrights and training.

“These are some of the features that have been agreed to with the Ministry of Industry and Trade which we hope will improve the attractiveness of this product.”

The revised ECF will be effective from 1 May 2014.

Share
0
✕

Archives

Quick Links

  • Rates and Charges
  • Loan Enquiry
  • Customer Repayment Options
  • Tenders
  • Panel of Valuers
  • Whistleblower Policy
  • Online Statement Portal
  • Annual Reports
  • Careers @ FDB
  • Staff Portal

Business Hours

Monday to Thursday 8.30am - 4.00pm
Friday 8.30am - 3.30pm
Closed on public holidays

Tweets by FDB_Fiji

© 2023 Fiji Development Bank. Developed By Webmedia South Pacific.