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Fiji Time: 11:40 AM on Friday 1 August

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Women dominate at business awards event

Ropate Valemei
Saturday, November 24, 2012

WOMEN entrepreneurs dominated the 2012 Fiji Development Bank Small Business Awards at Studio 6 Apartments in Suva on Thursday night.

And they walked away with five of the seven awards handed out at the awards night.

FDB chief executive officer Deve Toganivalu said this was a phenomenal achievement not only for the women that had been rewarded so justly for their outstanding performance in small business, but also for women in business as a whole.

In their experience as lenders, he said women had always been the more credible of investment when it came to financing and a large part of that had to do with their ability to manage their priorities and finances better.

"What tonight's awards tell us is that when you economically empower women you will begin to see higher rates of economic growth," Mr Toganivalu said.

He said he was optimistic that as financing in the formal financial sector opened up to more and more people, opportunities for business in the micro and small business sector would continue to expand.

However, he added sustainability could only be assured if rational economic principals were applied in the management of those entities.

"By that I mean possessing an understanding of the fundamentals of operating a business, being able to separate business income from personal income and an awareness of how the principles of market forces and competition work," Mr Toganivalu said.

President Ratu Epeli Nailatikau said small businesses the participants had ventured into were vehicles for change for the country and the economy.


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