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Purchase of Shares

Do You Meet The Following Requirements?

  • Are you a Sole-trader, Partnership, Limited Company, or Cooperative and 100% locally owned
  • Are you at least 21-years-old and a Citizen of Fiji
  • Own a business with annual turnover of less than $50,000
  • Belong to an ethnic group OTHER THAN a Fijian, Rotuman or Eligible General Elector of Melanesian or Polynesian or Micronesian origin?

Further:

  • Are you In Regular Employment
  • Is the Company you are investing in financially sound
  • Are you an active member of that Company you are investing in
Security Required
(To Adequately Amount And May Include)
  • Lien over the Shares to be Cover Loan Purchased
  • Assignment over the Dividend Proceeds
  • Assignment over Salary
  • Mortgage
  • Personal Guarantee from a financially sound Guarantor
  • Any other appropriate security
Loan Terms Maximum of 5 years
Exclusions Businesses with annual turnover of above $50,000
Equity Contribution Minimum of 20% of the Total Project Cost
Interest Charges
First $50,000 8% per annum
In excess of $50,000 13.5% per annum
Interest subsidy of 5.5% up to $50,000 per applicant

Documents To Be Provided When Lodging Your Application

  1. Business Plan
  2. Audited Financial Reports (of company you are intending to invest in) for the previous 3 years
  3. Letter of approval from the Company where shares will be purchased
  4. Evidence of Equity Contribution
  5. Salary Slips or Financials of your company for past 3 years
  6. Any other Liabilities/Borrowings

Call Your Nearest Branch For More Information

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