Fiji Time: 12:32 PM on Saturday 28 March

Fiji Times Logo

/ Front page / Business

Relief packages on offer for cyclone victims

Ropate Valemei
Monday, December 24, 2012

HFC has joined the cause to offer disaster relief packages for clients affected by natural disasters by offering lending assistance from $1000 to more than $1million.

HFC chief executive officer Isikeli Tikoduadua said the package included repayment holidays of up to six months, additional loans for repairs and maintenance of properties and houses damaged by the cyclone.

"There is no specific pool and it all depends on the nature of requests — it can range from $1000 to $1m or even more," Mr Tikoduadua said.

He said there was no particular target considering present circumstances but HFC would assist its customers and the nature of requests on its own merits. "Early this year, HFC assisted customers under the Disaster Rehabilitation Loan product and many others including the Home Loans and Personal Loans scheme."

Under the disaster rehabilitation assistance program, Mr Tikoduadua said they had lent over $4.7m to customers.

He said HFC's disaster assistance would help customers recover from natural disasters. The assistance would replace damaged inventory, loss of sales, damaged vehicles and machinery as well as financing existing commitments.

""We also finance disaster rehabilitation programmes which are provided through the Reserve Bank of Fiji," Mr Tikoduadua 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. Fiji start Hong Kong 7s with comfy win
  2. NZ take first step to defending Hong Kong sevens title
  3. Record Hong Kong kicks off with a bang
  4. Medical error
  5. DJs in the city
  6. Dining hall brings sense of comfort
  7. Province plans to visit sons, chief
  8. ITaukei inmates top numbers
  9. Lions down Reds 18-17 in Super Rugby
  10. Hurricanes beat Rebels for 6th rugby win

Top Stories this Week

  1. Miracle baby Sunday (22 Mar)
  2. Rape on duty Wednesday (25 Mar)
  3. INQUIRY: Baby given wrong injection Friday (27 Mar)
  4. All hope gone Monday (23 Mar)
  5. 'No' to adopted child Monday (23 Mar)
  6. The man who was the champ Monday (23 Mar)
  7. Kepa clarifies position Tuesday (24 Mar)
  8. HK 7s risk Thursday (26 Mar)
  9. Fiji 7s inspires college in win Wednesday (25 Mar)
  10. Strong start Friday (27 Mar)