WE Finance Code promises improved access to financing opportunities for women entrepreneurs

WE Finance Code promises improved access to financing opportunities for women entrepreneurs

By Rashika Kumar
Sunday 24/03/2024
Permanent Secretary for Women, Eseta Nadakuitavuki (right) [Image: Fiji Government]

Women entrepreneurs can hope for improved access to financing opportunities as the Women Entrepreneur Finance Code has been launched to address the unique challenges faced by women entrepreneurs in accessing financial resources and support their economic empowerment.

While launching the Code at the GPH, Permanent Secretary for the Ministry of Women, Children and Social Protection, Eseta Nadakuitavuki, by providing women with the necessary resources and support, they can unlock their potential to drive innovation, create jobs, and contribute to sustainable development while ensuring their business ventures are also sustainable and successful.

She says the launch of the Code represents a significant step towards addressing the barriers that women entrepreneurs face in accessing finance.

Nadakuitavuki stressed the importance of fostering an enabling environment for women entrepreneurs to thrive and contribute to Fiji's economic growth.

She also highlighted government's commitment to supporting women-owned businesses and creating opportunities for their advancement through the formulation of the Women Economic Empowerment National Action Plan.

The WE-Fi initiative, a partnership with the Asian Development Bank aimed at unlocking financing for women-led/owned businesses in developing countries, has selected Fiji as one of three countries in the Asia Pacific region to pilot the WE-Fi Code.

The key stakeholders for the WE Finance Code in Fiji are the Reserve Bank of Fiji, Fiji Development Bank, Ministry of Trade, Co-operatives and Small and Medium Enterprises and Communications and the Ministry of Women, Children and Social Protection.

Credit Corp Fiji Care
Credit Corp Fiji Care
People’s Alliance had proposed for PM’s pay to be maintained at $328,750
The People’s Alliance Party had proposed to the Parliamentary Emoluments Committee for the Prime Minister’s salary to be maintained at $328,750 an...
12 hours ago
Mavericks clinch 108-105 win over Timberwolves in Game 1 of Western Conference Finals
Luka Doncic led a strong finish for the Dallas Mavericks, swishing crucial shots down the stretch, drawing a couple of fouls and even playing strong ...
7 hours ago

FijiFirst submitted proposal similar to the committee recommendation for salary increases
The only opposition party in parliament, the FijiFirst, had proposed an increase in salary of the Leader of Opposition from $120,000 to $200,000, ...
12 hours ago

Crime increases by 73% in April, 14 police officers charged for various offences – Acting COMPOL
There has been a 73 percent increase in overall crime in April this year while serious crimes increased by 65 percent when compared to the same ...
14 hours ago

Nurses buying syringes and needles for patients at public hospital
Serious concerns continue to be raised by Fiji Nursing Association President, Doctor Adi Alisi Vudiniabola on nurses having to buy needles and ...
14 hours ago

Not the right time to increase MPs pay when many Fijians are struggling – Dialogue Fiji
Dialogue Fiji has today expressed its concern and disappointment over the recommendations made by the Parliamentary Special Committee on Emoluments, ...
14 hours ago

fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
Ministry of Home Affairs Talanoa Session on Illicit Drugs and Substance Use Disorders in Fiji
The pervasive threat of illicit drugs has emerged as a pressing concern, rapidly infiltrating and destabilizing our society therefore the Republic of ...
7 days ago

Bainimarama and Qiliho hearing in dismissal of 2 police officers case
Acting Director of Public Prosecutions John Rabuku says he wants the hearing of former Prime Minister Voreqe Bainimarama and suspended Police ...
7 days ago

Sayed-Khaiyum case on alleged payment of Saneem's taxes without proper approval
It is alleged that between the 30th of June, 2022 and the 12th of July, 2022 in Suva, whilst being employed in the civil service as the Acting Prime ...
7 days ago