Fiji Time: 8:47 AM on Monday 30 March

Fiji Times Logo

/ Front page / News

New loan schemes for sugar

Felix Chaudhary
Monday, December 24, 2012

THE Sugar Cane Growers Fund has announced two new loan facilities for sugarcane growers in the country.

The new funding was announced in the wake of Tropical Cyclone Evan and the widespread devastation caused to farmers' dwellings and sugarcane fields in the Western Division.

SCGF chief executive officer Sada Sivan said while the two new loan facilities were primarily designed to provide access to funds to those affected by the cyclone, it also provided an opportunity for growers to upgrade equipment and improve farm-related activities.

"The Priority Loan has a ceiling of $5000," he said.

"It is unsecured and has a recovery period of five years.

"However, it is called priority because our repayments will take priority over industry-related costs like advances from the Fiji Sugar Corporation and fertiliser costs.

"The specialised loan requires security because it has a ceiling of $50,000 so we will require some form of collateral," he said.

Mr Sivan said all processing and paperwork for the loans were offered free and there were no other costs to the cane growers involved.

"These loans are there for farmers to take advantage of to rehabilitate their homes, purchase clothes and bedding that may have been lost during the cyclone and also to prepare children for the new school year," he said.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Champions
  2. Road accidents claim five lives over the weekend
  3. Man finds body
  4. Memories of the little man in the HK 7s
  5. Children wow parents
  6. Steele in high demand
  7. Sunday with style
  8. $40m road bill
  9. MOB raise funds
  10. A time for reflection

Top Stories this Week

  1. Rape on duty Wednesday (25 Mar)
  2. INQUIRY: Baby given wrong injection Friday (27 Mar)
  3. HK 7s risk Thursday (26 Mar)
  4. Kepa clarifies position Tuesday (24 Mar)
  5. Fiji 7s inspires college in win Wednesday (25 Mar)
  6. Strong start Friday (27 Mar)
  7. Key to new home Thursday (26 Mar)
  8. 'Ruthless' Sunday (29 Mar)
  9. $8k fortnightly income Thursday (26 Mar)
  10. Sexism and rape Friday (27 Mar)