HFC launched its 50 year celebration. "There are many initiatives and work-plan that the management and staff have formulated for this occasion," said HFC's chief executive officer Isikeli Tikoduadua. "In fact we had started from late last year with reduction of interest rates on personal loans, unsecured from 17 per cent to 15 per cent and secured from 13.5 to 12 per cent" he added.
The Super Dream Home Loan Package is another special package with just 10 per cent equity and domestic water tank as give ways for the customers.
"Last week while sympathizing with the flood victims, our Board also reduced the interest on HFC- Top Gear Disaster Rehabilitation Facility from 4.99 per cent to 4.5 per cent" said Mr Tikoduadua. In addition to this, for all personal loans relating to medical, funeral and education, HFC is giving away 50 per cent discounted on establishment fee for the month of June. There are many social and community projects that HFC staff have taken on board, across the country and one of such was supply of some basic necessities to the senior citizens in Samabula. "It is one of the ways to give back to the community" said chairperson of the organising committee, Arishma Kumar. We have similar programs for other divisions and also contribution for the environment with tree planting initiatives, towards end of the month,"she added. For every establishment fee collected in June, $10 will be going towards tree planting, she said.
On the future plans, last week chairman, Tom Ricketts mentioned that expansion to Pacific and banking remains on the agenda of the company. HFC was incorporated on 30 June 1962 and current shareholders are FNPF and Unit Trust of Fiji with 75 and 25 per cent respectively.