1 June, 2020, 3:30 pm
Central - 25°C Rain
1 June, 2020, 3:30 pm Central - 25°C Rain

Assistance to be announced for small businesses

Assistance to be announced for small businesses

By Semi Turaga
Friday 22/05/2020
Minister for Economy, Aiyaz Sayed-Khaiyum

Minister for Economy, Aiyaz Sayed-Khaiyum says they intend to announce on Sunday some further new initiatives they have been working on with a number of organisations.

Sayed-Khaiyum says this is assistance for the micro-enterprise sector, small-business sector and medium-business sector.

He says they are looking at some very generous concessional loans in particular for small and medium enterprises that may be struggling with their cash flow and help them sustain their business and keep people employed.

Sayed-Khaiyum says they also intend to provide micro enterprise funding to people who may want to start their own small business.

Details of this will be announced on Sunday.

He says they have been working very closely with the Fiji Institute of Accountants, Fiji Chamber of Commerce and Industry, Fiji Commerce and Employers Federation, Women in Business and MSME Fiji to make the process far less bureaucratic.

$26,850 has been paid out to 179 people through the $150 informal sector assistance announced in the COVID-19 Response Budget and it is still open.

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