Supporting the development of small and medium enterprises (SMEs) and women entrepreneurs in Fiji has won the Fiji Development Bank (FDB) two awards at the recent 2024 ADFIAP Awards during the 47th ADFIAP Annual Meetings in Phnom Penh, Cambodia.
ADFIAP or the Association of Development Financing Institutions in Asia and the Pacific, is the focal point for development banks and financial institutions engaged in development financing in the Asia-Pacific region.
FDB was winner of Category 3: SME Development for its ‘FDB Small and Medium Enterprise Sustainability Package’ and was also granted the Merit Award, Category 7: Local Economic Development for the ‘FDB Loan for Women Entrepreneurs.’
“We are committed to aligning our discussions with the priorities and goals outlined in COP 28, as we understand the critical importance of fostering a climate-smart and sustainable future for generations to come,” said FDB chief executive officer Saud Minam, who is also chairman of ADFIAP and received the awards on behalf of FDB.
“Through our collective expertise, innovative ideas, and shared dedication to sustainable finance, we aim to make meaningful contributions towards a more resilient and environmentally responsible global economy.”
Through its products tailor made for SMEs and women, FDB provides direct support that benefits local communities by creating jobs and fostering economic independence.
Some of its loan products include the Ginger Loan Facility, Sugarcane Farmers Special Loan Facility, Rice Mobility Package, and Dairy Farming Loan.
