HOME ABOUT US ANNUAL REPORT PRODUCTS PROPERTIES FAQS LINKS CLIENTS


CAREER
Graduate Training Programme
Small Business Awards


DevBank
Issue 1 2004

Purchase Of Shares

Do You Meet These Requirements?

For Individuals

  1. Are you at least 21-years-old, a Fiji Resident &
  2. Are a Fijian registered in the Vola ni Kawa Bula?

For A Company, Partnership Or Cooperative,
Is the business 100% owned by people who fulfil Requirements 1 & 2 above?

Documents To Be Provided When Lodging Your Application

  1. Business Plan
  2. Financial Reports for previous two years
  3. Letter of approval from FHL for the purchase of shares
  4. Evidence of Equity Contribution
  5. Any other Liabilities/Borrowings
Client Type Loan Amount (F$) Interest Rate
Individuals Partnerships& Cooperatives First $0.5m 8% p.a
Above $0.5m 13.5% p.a
Tikina & Provincial Councils First $1m 8% p.a
Above $1m 13.5% p.a
Equity Contribution Minimum requirement of 50% of Total Project Cost in cash
Term Of Loan 10 Years
Security Required
(to adequately cover loan amount and may include)
  • Lien over the shares to be purchased
  • Assignment over the Dividend proceeds
  • Assignment over the salary
  • Shareholders, Directors & Personal Guarantee
  • Guarantee from a financially sound Guarantor
  • Collateral Mortgage over Land & Buildings or other assets

Call Your Nearest Branch For More Information

Email this article
Printer friendly page



Top of Page




HOMEPRODUCTSANNUAL REPORTPROPERTIESAPPLICATION FORMLINKSFAQSCLIENTSOTHER CENTERS

Fiji Development Bank
360 Victoria Parade
PO Box 104
Tel: 679 - 331 4866 Fax: 679 - 3314886
Email: info@fijidevelopmentbank.com