Businesses take advantage of the loan program – FBC News

0

The Development Bank of Fiji has received an overwhelming response from businesses for its COVID-19 recovery credit guarantee program.

The program aims to help micro, small and medium enterprises as well as large enterprises affected by the pandemic.

FDB chief executive Saud Minam said a loan of nearly $ 52 million had been approved.

The article continues after the advertisement

He says a temporary hiatus has been put on new apps to allow FDB to process the other apps.


“We received in less than 30 working days from August 2 to September 14, nearly 13,800 applications and on average at the beginning of September, nearly 400 to 500 applications per day.”

Minam says they have been successful in reaching customers outside of Suva through their digital platform.

He adds that of the 13,800 requests, only 20 to 30 were made manually.

“It’s the digital room. If I give you an example, a person who is affected due to the pandemic somewhere in Rakiraki, and as long as they have a smartphone and data, they can actually go through a whole process. All the way from submitting the application, submitting their documentation and once the loan is approved, it comes back to their account ”

The FDB will notify customers as soon as it starts receiving requests again.

Live
To agree

  • 95.4 FM
  • Suva, Nadi, Lautoka, Labasa
  • 95.2 FM
  • Sigatoka, Ba
  • 95.6 FM
  • Tavua
  • 95.8 FM
  • Rakiraki

Live
To agree
  • 102.6 FM
  • Suva, Nadi, Lautoka, Labasa
  • 102.4 FM
  • Sigatoka, Ba
  • 102.8 FM
  • Tavua
  • 103.0 FM
  • Rakiraki

Live
To agree
  • 97.8 FM
  • Suva, Nadi, Lautoka, Labasa
  • 97.6 FM
  • Sigatoka, Ba
  • 98.0 FM
  • Tavua
  • 98.2 FM
  • Rakiraki

Live
To agree
  • 93.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 92.8 FM
  • Sigatoka, Ba
  • 93.2 FM
  • Tavua
  • 93.4 FM
  • Rakiraki

Live
To agree
  • 100.2 FM
  • Suva, Nadi, Lautoka, Labasa
  • 100.0 FM
  • Sigatoka, Ba
  • 100.4 FM
  • Tavua
  • 100.6 FM
  • Rakiraki

Live
To agree
  • 105.0 FM
  • Suva, Nadi, Lautoka, Labasa
  • 104.8 FM
  • Sigatoka, Ba
  • 105.2 FM
  • Tavua
  • 105.4 FM
  • Rakiraki


Source link

Leave A Reply

Your email address will not be published.