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
- Business Plan
- Audited Financial Reports (of company you are intending to invest in) for the previous 3 years
- Letter of approval from the Company where shares will be purchased
- Evidence of Equity Contribution
- Salary Slips or Financials of your company for past 3 years
- Any other Liabilities/Borrowings
Call Your Nearest Branch For More Information
