Fiji Development Bank
The Fiji Development Bank has integrated a gender mainstreaming approach into its products and services, with a focus on women's economic empowerment. Through initiatives like the Women Economic Empowerment Round Table, the bank is addressing gaps in loan products to better support women entrepreneurs. By emphasizing sustainable financing and social safeguards, the bank aims to contribute to Fiji's sustainable development goals.
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- Fiji Development Bank
- Gender Mainstreaming
- Women Empowerment
- Sustainable Financing
- Economic Development
Presentation Transcript
Fiji Development Bank Gender Mainstreamed Approach To Development Bank Products SPC-Pacific Women Lead Women Economic Empowerment Round Table Community of Practice Presenter: Mr Saud A Minam| Chief Executive Officer| Fiji Development Bank | 25 May 2023
The Fiji Development Bank Government Owned Development Financial Institution. More than 55 Years in Existence. Accredited to Green Climate Fund 9000+ Customer Base Mandate/vision: enabler 11 branches across Fiji Particular relevance to SMEs and Agriculture. 23/03/2024 2
In 2017, FDB became the first national financial institution in the Pacific to develop its own GESI Policy. Policy development was spearheaded by FDB s application for accreditation with the Green Climate Fund (GCF), which occurred in April 2019. This heightened focus on GESI in our internal operations as well as through the services that we offer is a timely reminder to us that to contribute to Fiji attaining sustainable development, the Fiji Development Bank must re-emphasis sustainable financing. What this means, is simply to reiterate, re-emphasise the environmental & social safeguards including gender equity in our internal operation and the services that we provide. FIJI DEVELOPMENT BANK
Loan Products specifically targets Formal Sector Experience with Women Economic Empowerment through FDB Loan for Women Entrepreneurs has reshaped our approach. Key findings on why applications were declined: businesses had not been operating for 6 months; applicant s inability to provide a business licence; proof of location utility bills usually under spouse or landlord. Solutions to address Gaps: businesses must be in operation for 3 months; business Licence OR provide letter of support; proof of Location - Utility bills or place of work confirmation New New FIJI DEVELOPMENT BANK
Incorporate De-Risking Facility(ies) or Blended Finance Push for Product Competitive Advantage (Market Access) KEY Innovate &Create Paradigm Shifts in your Loan/Deposit Products for Women Entrepreneur FIJI DEVELOPMENT BANK
THANK YOU Email: setaita.tamanikaiyaroi@fdb.com.fj G.P.O Box 104, Suva 360 Victoria Parade, Suva TEL: (679) 331-4866 Fax: (679) 331-4886 Web: www.fdb.com.fj Email: info@fdb.com.fj
