Fiji Time: 6:48 PM on Tuesday 23 May

Fiji Times Logo

/ Front page / News

Bank urges farmers to use low interest rates

Jone Kalouniviti
Saturday, March 29, 2014

THE Fiji Development Bank is encouraging canefarmers to make good use of the current low interest rates it's offering because they're specifically tailored to meet the needs of cane farmers.

FDB Ba branch manager Saukat Ali announced during an FSC field day for the Moto and Naloto sectors that borrowing by cane farmers had dropped significantly by 50 per cent in the past three years.

"Our sugar portfolio alone is about $5million which means there is much to go around but the farmers have not applied for assistance for a while now," said Mr Ali.

"Our interest rates are as low as 0.05 per cent to 4.2 per cent and we have guidelines to waive loan repayments in the event of natural disasters for the sugar industry."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.65480.6358
JPY 54.612351.6123
GBP 0.37200.3640
EUR 0.43160.4196
NZD 0.70020.6672
AUD 0.65190.6269
USD 0.48720.4702

from

$0.00

Exchange Rate updated on 23rd, May, 2017

Today's Most Read Stories

  1. Debate over article
  2. Toorak youths distraught over lost jerseys
  3. Students forced to walk home
  4. World urged to unite if US leaves
  5. Sevens best
  6. Interpol query
  7. Kubuabola: Force has manpower to combat riots
  8. Man, 70, hit by car at crossing
  9. Bail for youth on defilement charge
  10. Climate action

Top Stories this Week

  1. Parents watch son fulfill rugby dream Thursday (18 May)
  2. Fijian barber experience for Crusaders players Thursday (18 May)
  3. A-G sounds warning Sunday (21 May)
  4. 200 illegally in Fiji Thursday (18 May)
  5. Work cut out Monday (22 May)
  6. $5b in debt Wednesday (17 May)
  7. Qoro on Pleass board Monday (22 May)
  8. 'Past politicians' did not fix roads Saturday (20 May)
  9. Ratu Naiqama set to return as MP Friday (19 May)
  10. PM seeks China's help Thursday (18 May)