BSP assists Partners in Community Development

Date: 20 June 2014

 

A Memorandum of Understanding has been signed with Partners in Community Development Fiji (PCDF) to empower a pilot group of 25 grass root farmers in Nadarivatu.

 

This pilot project named “Partnership in High Value Agriculture Project” is funded by an arm of the UNDP - International Food and Agriculture Development (IFAD) and will have us as the exclusive banking partner.

“We are delighted to enter into this agreement with PCDF and we wish the project every success in the pilot phase and extending to a broader group of 200 farmers across Fiji,” our Country Manager, Mr Kevin McCarthy told the media.

His optimism was shared by PCDF Director, Mr Tevita Ravumaidama. “The project will eventually be deployed to 3 districts across 3 provinces namely Savatu in Ba, Nadrau in Navosa and Naboubuco in Naitasiri,” he confirmed.

Our contribution to Financial Inclusion in Fiji has taken a progressive path over the years beginning with financial literacy training to promoting financial inclusion through the opening of bank accounts.

“This new step of providing lending is a natural progression for us,” Kevin reaffirmed. “We are going where others won’t here and we are reassured by the close monitoring and ongoing advice from PCDF and IFAD.”

The pilot group of 25 farmers will specialise in high value cash crops such as capsicum, tomatoes, english cabbage, celery, broccoli and zucchini. “These farmers and others who wish to join the project can now utilise the support our loan facility and IFAD to lift their productivity levels,” said Tevita.

Among other rural focused projects, our partnership with Government and Post Fiji now enables us to offer banking services for rural residents. Customers can now make deposits and withdrawals at 28 Post Offices across Fiji.

“We take our responsibility of being leaders, seriously, and this MOU is a demonstration of this. We are helping a remote community and Fiji grow,” he concluded.