Renovation of the Fiji Development Bank’s branch in Labasa is testament of its commitment to providing cutting-edge financial services to the people, says deputy Prime Minister Professor Biman Prasad.
In opening the renovated office on Thursday, Mr Prasad said Fiji had ushered in a new era of banking that was aligned with the demands and expectations of the 21st century.
“The Labasa community deserves nothing less and this revamped branch is a symbol of our commitment to your financial prosperity,” he said.
“The modernisation of this branch will undoubtedly enrich the banking experience for the clients.
“I commend the dedicated team at FDB for their efforts in making this transformation possible.”
Mr Prasad said empowering small businesses and entrepreneurs had been consistently ranked as a high-priority focus for the Fijian Government.
“In its quest to further enhance digital loan disbursement capacity, I’m happy to share that FDB is increasing the loan disbursement limit from $5000 to $10,000 for those utilising M-Paisa and MyCash,” he said.
“This implies that you have the capability to receive sums of up to $10,000 in your M-Paisa and MyCash accounts via FDB.
“This is a timely enhancement as we note that most small businesses use M-Paisa and MyCash for business operations.”
Such boost in the loan disbursement limit, Mr Prasad said would undoubtedly unlock new opportunities for small business owners.
“It’s not just about the numbers, it’s about giving entrepreneurs the tools they need to thrive and I am glad that the bank understands the dreams and ambitions of small business owners don’t come with limit tags and this increase is designed to fuel those aspirations,” he said.
“The streamlined processes associated with this increase will ensure that entrepreneurs can access the financial resources they need more quickly and efficiently than ever before.”