Loan Features

Flexible loan term depending on purpose of loan.


Loans up to $50,000.


Interest Rate of 4.99% per annum.


No application fees.


Minimum equity of 10.00%. 


Guaranteed Market Access. 


Normal FDB screening for credit assessment applies.


 

Financing Limits

Maximum loan of up to $50,000.00


What is the Ginger Loan Facility Agriculture Value Chain Financing Model?

This facility is specifically designed for new and existing ginger farmers who can take advantage of the 4.99% Interest Rate per annum, with loans up to $50,000 whereby the loan term is subject to the loan purpose.

 

The new and existing ginger farmers can access the loan package via three loan packaging categories.

 

Through this facility, the farmers are connected with the suppliers, providing them with a guaranteed market for their produce. The two guaranteed suppliers engaged under the Agriculture Value Chain model for ginger include Kaiming Agro Processing Limited and Frespac Ginger (Fiji) Pte Ltd.


What are the loan purposes?

Category 1 – land development for the purpose but not limited to: green shade nets (for nursery purposes), fertilizers, labour hire, weedicides, seedlings, water pumps, land preparation, etc.


Category 2 – Purpose of loan includes: those noted in category 1, Land development, Infrastructure development such as storage equipment/facilities, hardware, bore holes and Purchase of farm machinery/implements.


Category 3 – For Joint Venture, Co-operative and partnership for purpose of loan which includes those noted in Category 1 & 2 and Construction of storage store.


Who is eligible to apply?

1. New and Existing Ginger Farmers.


2. Ownership – locally owned or joint ventures with at least 51% local shareholding.


3. ALL applicants within the legal age limits.


4. Open to all types of land leases excluding Class J.


What are the pre-qualification requirements?

1. Joint FRCS/FNPF card confirming the tax identification number.


2. Photo ID.


3. Birth Certificate.


4. Bank Statement for last 6 months.


5.  Support Letter and contract from Kaiming Agro Processing Ltd or Frespac Ginger (Fiji) PTE Ltd.


6. Business Plan.


7. Past Production: • Existing farm: evidence of farm production for past 2 years. • New Farm: production report from Provincial Office or Consultant


8. Title, current lease or approval notice over land to be used by proposed project.


9. Quotations and detailed costs.


10. Proper valuation of assets to be financed.


 


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?

Securities will be required in the form of assignment over proceeds, mortgage over farmland, assets to be financed or collateral security to back up the loan. You will be required to upload land lease document or documents for other forms of security on the portal .


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