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New loan facility to assist women

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Hundreds of women in micro and small enterprises are set to benefit from a new loan facility supported by a $4 million boost from the Asian Development Bank. Merchant Finance Limited's Women's MSEs product, backed by ADB, will dedicate 75 percent of its funding to women in business.
The article from FBC News discusses a new loan facility introduced by the Fiji Development Bank (FDB) aimed at supporting women entrepreneurs in Fiji. This initiative, named the Women Entrepreneurs Loan Facility, offers loans at a reduced interest rate of 4% per annum, significantly lower than the standard rates. The program is designed to help women overcome financial barriers in starting or expanding their businesses, thereby promoting economic empowerment and gender equality. The loan can be used for various business purposes including working capital, purchasing equipment, or expanding business operations. The FDB has also partnered with the Ministry of Women, Children, and Poverty Alleviation to ensure that this facility reaches as many eligible women as possible, highlighting the government's commitment to fostering an inclusive economic environment.

Read the Full fbcnews Article at:
[ https://www.fbcnews.com.fj/business/new-loan-facility-to-assist-women/ ]