Fiji Development Bank Supports Seaqaqa’s Path to Prosperity

Suva, Fiji. In a significant move towards agricultural diversification, the Fiji Development Bank (FDB), in collaboration with the Ministry of Agriculture and the Department of Co-operative Business, recently facilitated a key event in Bureseini Settlement, Seaqaqa.

The event saw the Department of Co-operative Business register a newly formed co-operative of 15 farmers. The co-operative intends to enhance agricultural productivity which will be boosted through the purchase of a tractor.

As the day progressed, the FDB team then highlighted its range of products and services, focusing on loan requirements for co-operative financial support. This session also served as a valuable networking opportunity, strengthening ties between FDB, its partners, and the local community.

Initiated by the Seaqaqa co-operative members, this event underscored a growing interest in cassava cultivation, moving away from traditional sugarcane farming due to greater profitability and its perpetual high demand.

A total of 30 participants were present, indicating a strong community response to the initiative, which is also supported by the Minister of Sugar Industry. The co-operative plans to plant 15 acres of cassava which reflects a proactive approach to market trends.

The FDB CEO, Mr. Saud Minam, expressed gratitude for this community-led approach which was marked by the attendance of existing FDB clients, who are playing a pivotal role in encouraging more people to seek financial assistance.

“Seeing our current clients lead the way is inspiring. It shows the real impact of our services and commitment to support growth and development.”

Addressing the Bank’s ‘go anywhere’ attitude, he reflected, “FDB is thankful for its partnership with stakeholders who know the value of going out to visit the people. Likewise, our teams are always on the go, happy to share and celebrate successes with our customers.”