FDB announces TC Yasa relief packages

FDB announces TC Yasa relief packages

By Shanil Singh
Thursday 24/12/2020
[Image: Fijian Government]

The Fiji Development Bank has rolled out its Customer Relief and Rehabilitation Financing Assistance Packages for Fijian farmers and businesses affected by Tropical Cyclone Yasa to rebuild their livelihoods.

Acting Chief Executive Officer Saiyad Hussain says under the Customer Relief Package, customers can choose between repayment moratorium, interest only repayment or an interest rate reduction that would be determined on a case-by-case basis.

Hussein says under the Rehabilitation Financing Package, customers can access loans from $500 to $5,000 with zero equity requirement while non-customers can access financing from their normal lending facilities.

He says minimal documents are expected from customers and fees and charges are significantly discounted while selected fees and charges have been waived.

Hussein says from initial assessment, they have observed that customers have suffered damages to their crops, livestock, farm machinery, as well as infrastructure and stock for small and medium businesses.

The Customer Relief and Rehabilitation Financing package are available until 31st March 2021.

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