NEWS

Applications Roll In For FDB 2014 Small, Medium Business Award

The Fiji Development Bank has received a good number of applications for the Small and Medium Enterprises awards. Entries closed a week ago. The theme for this year’s awards is
29 Sep 2014 10:30

The Fiji Development Bank has received a good number of applications for the Small and Medium Enterprises awards.

Entries closed a week ago.

The theme for this year’s awards is SMEs the Drivers of Our Future Growth.

It was an elevation to another level from small businesses limited to a certain turnover criteria below $100,000 to $500,000.

Bank chief executive Ratu Deve Toganivalu highlighted that a total of 195 applications have been received by them.

“This is the highest number of applicants and is testament to the interest in the awards and likewise the promotion done throughout.

“Most of the applications were received from the western division.

“The bank will now vet the applications to ensure that the entry criterion has been adhered to. Once this is done, the final entries will be put before the judges for assessment.”

 

Criteria

The SME Awards is unique in that entrants do not need to be a customer of the Bank to participate.

Entry for the awards was free of charge and was open to the general public.

The awards night is scheduled for November 27 at the Grand Pacific Hotel.

FDB with the assistance of its kind sponsors will fully fund the travels, meals and accommodation costs for the finalists.

The SME entrants have to be 100 percent locally owned and in operation for at least 12 months.

 

Background

The bank had repositioned its Small Business awards to the Small and Medium Enterprises awards last month.

With the growing emphasis and focus on SMEs the bank decided to upgrade its award to include medium enterprises.

Since 2004 the bank has been hosting the Small Business Awards focusing on encouraging small business entrepreneurs.

The tenth year was last year and has been a boost for small businesses.

Feedback: maraia.vula@fijisun.com.fj

 




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